OMV (OTCMKTS:OMVKY) Cut to “Moderate Sell” at HSBC

HSBC cut shares of OMV (OTCMKTS:OMVKY) from a hold rating to a moderate sell rating in a report released on Thursday morning,Zacks.com reports.

A number of other research analysts have also issued reports on the company. Royal Bank Of Canada lowered OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. Zacks Research lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Barclays reiterated an “underweight” rating on shares of OMV in a report on Friday, December 12th. Berenberg Bank cut OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. Finally, Jefferies Financial Group restated a “buy” rating on shares of OMV in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

OMV Price Performance

OTCMKTS:OMVKY opened at $15.41 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.30. The company has a 50 day moving average price of $14.22 and a 200-day moving average price of $13.79. OMV has a 1-year low of $9.75 and a 1-year high of $15.71. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 4.34 and a beta of 0.02.

OMV (OTCMKTS:OMVKY) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $1.59. OMV had a net margin of 4.10% and a return on equity of 8.47%. The firm had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.79 billion. Equities research analysts forecast that OMV will post 1.64 EPS for the current year.

OMV Company Profile

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.