OMV (OMVKY) to Release Earnings on Tuesday

OMV (OTCMKTS:OMVKY) is expected to be issuing 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 issued its earnings results on Wednesday, October 29th. The company reported $2.18 EPS for the quarter, topping the consensus estimate of $0.43 by $1.75. The firm had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $8.06 billion. OMV had a return on equity of 8.25% and a net margin of 4.57%. On average, analysts expect OMV to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OMV Trading Up 0.1%

Shares of OMV stock opened at $14.85 on Friday. OMV has a 52-week low of $9.66 and a 52-week high of $15.02. 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’s fifty day moving average price is $14.10 and its two-hundred day moving average price is $13.73. The firm has a market capitalization of $19.44 billion, a PE ratio of 3.52 and a beta of 0.01.

Analyst Ratings Changes

OMVKY has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded shares of OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Jefferies Financial Group restated a “buy” rating on shares of OMV in a report on Thursday, January 8th. Zacks Research downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Barclays reissued an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Finally, Berenberg Bank lowered OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average 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.