OMV (OMVKY) Projected to Announce Quarterly Earnings on Thursday

OMV (OTCMKTS:OMVKY) will likely be posting its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $9.1456 billion for the quarter.

OMV Price Performance

Shares of OMVKY stock opened at $18.30 on Thursday. The stock’s 50-day moving average is $17.29 and its 200 day moving average is $16.74. OMV has a 1-year low of $12.52 and a 1-year high of $19.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. The company has a market cap of $23.96 billion, a P/E ratio of 2.18 and a beta of -0.07.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of OMV from a “hold” rating to a “strong sell” rating in a research report on Monday. Three research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Strong Sell”.

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.