OMV (OMVKY) Projected to Post Earnings on Tuesday

OMV (OTCMKTS:OMVKY) is anticipated to issue its results before the market opens on Tuesday, February 3rd. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

OMV (OTCMKTS:OMVKY) last posted 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 company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $8.06 billion. OMV had a net margin of 4.57% and a return on equity of 8.25%. On average, analysts expect OMV to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OMV Stock Down 0.6%

Shares of OTCMKTS OMVKY opened at $14.68 on Tuesday. OMV has a 1 year low of $9.66 and a 1 year high of $14.95. The firm has a 50-day simple moving average of $14.03 and a two-hundred day simple moving average of $13.70. The company has a market cap of $19.22 billion, a P/E ratio of 3.48 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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on OMVKY shares. Berenberg Bank lowered OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Jefferies Financial Group reiterated a “buy” rating on shares of OMV in a research note on Thursday, January 8th. The Goldman Sachs Group downgraded OMV to a “sell” rating in a research report on Monday. Barclays restated an “underweight” rating on shares of OMV in a report on Friday, December 12th. Finally, Zacks Research lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, OMV presently has a consensus rating of “Reduce”.

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.