OMV (OTCMKTS:OMVKY) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

OMV AG (OTCMKTS:OMVKY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.46 and traded as high as $14.03. OMV shares last traded at $14.02, with a volume of 20,587 shares changing hands.

Wall Street Analyst Weigh In

OMVKY has been the topic of a number of research reports. Erste Group Bank upgraded OMV to a “hold” rating in a research report on Monday, September 22nd. Berenberg Bank cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Royal Bank Of Canada initiated coverage on shares of OMV in a report on Wednesday, September 24th. They set a “sector perform” rating for the company. Finally, Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

OMV Stock Up 0.1%

The company has a market cap of $18.35 billion, a P/E ratio of 3.32 and a beta of 0.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.64 and a quick ratio of 1.35. The business’s 50 day moving average price is $13.51 and its 200-day moving average price is $13.46.

OMV (OTCMKTS:OMVKY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $1.75. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $8.06 billion. OMV had a return on equity of 8.24% and a net margin of 4.57%. On average, analysts anticipate that OMV AG will post 1.64 earnings per share for the current fiscal year.

About OMV

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.