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OMV (OTCMKTS:OMVKY) Upgraded at Erste Group Bank

OMV logo with Energy background

Key Points

  • OMV has been upgraded to a "hold" rating by Erste Group Bank, while Royal Bank of Canada has issued a "sector perform" rating for the company.
  • The stock reported a surprising earnings per share (EPS) of $1.34 for its last quarter, exceeding analyst estimates of $0.34, although revenue came in lower than expected at $6.64 billion.
  • Currently, OMV has a market capitalization of $17.66 billion and a consensus rating of "Moderate Buy" from analysts.
  • Five stocks to consider instead of OMV.

OMV (OTCMKTS:OMVKY - Get Free Report) was upgraded by investment analysts at Erste Group Bank to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Royal Bank Of Canada started coverage on shares of OMV in a report on Wednesday. They issued a "sector perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Get Our Latest Stock Report on OMVKY

OMV Trading Up 0.9%

OTCMKTS:OMVKY opened at $13.49 on Monday. OMV has a 52 week low of $9.42 and a 52 week high of $14.37. The firm has a 50 day moving average of $13.56 and a 200 day moving average of $13.12. The company has a quick ratio of 1.35, a current ratio of 1.64 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 4.37, a PEG ratio of 1.59 and a beta of 0.32.

OMV (OTCMKTS:OMVKY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $1.00. The business had revenue of $6.64 billion during the quarter, compared to analysts' expectations of $8.41 billion. OMV had a net margin of 3.12% and a return on equity of 7.02%. As a group, sell-side analysts anticipate that OMV will post 1.64 earnings per share for the current fiscal year.

About OMV

(Get Free Report)

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.

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