OMV (OTCMKTS:OMVKY) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

OMV AG (OTCMKTS:OMVKY)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.68 and traded as high as $14.42. OMV shares last traded at $14.42, with a volume of 5,040 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Zacks Research downgraded OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Barclays restated an “underweight” rating on shares of OMV in a research note on Friday, December 12th. Berenberg Bank lowered 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 on the stock. Finally, Jefferies Financial Group restated a “buy” rating on shares of OMV in a research report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, OMV currently has an average rating of “Hold”.

OMV Trading Up 2.7%

The firm’s fifty day moving average price is $14.00 and its 200-day moving average price is $13.68. The company has a market cap of $18.88 billion, a price-to-earnings ratio of 3.42 and a beta of 0.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.30.

OMV (OTCMKTS:OMVKY) last released its quarterly earnings data on Wednesday, October 29th. The company reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $1.75. The business had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $8.06 billion. OMV had a net margin of 4.57% and a return on equity of 8.25%. On average, equities analysts expect that OMV AG will post 1.64 EPS for the current fiscal year.

About OMV

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.