OMV (OTCMKTS:OMVKY) Shares Cross Above 200 Day Moving Average – Time to Sell?

OMV AG (OTCMKTS:OMVKY)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.52 and traded as high as $13.78. OMV shares last traded at $13.60, with a volume of 21,334 shares.

Analyst Upgrades and Downgrades

OMVKY has been the topic of several recent research reports. Berenberg Bank cut OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. Royal Bank Of Canada began coverage on OMV in a research note on Wednesday, September 24th. They issued a “sector perform” rating on the stock. Barclays reiterated an “underweight” rating on shares of OMV in a report on Friday, December 12th. Erste Group Bank upgraded shares of OMV to a “hold” rating in a report on Monday, September 22nd. Finally, Zacks Research downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, OMV currently has an average rating of “Reduce”.

OMV Stock Performance

The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. The company has a market cap of $17.80 billion, a PE ratio of 3.22 and a beta of 0.05. The firm’s 50-day simple moving average is $13.69 and its two-hundred day simple moving average is $13.52.

OMV (OTCMKTS:OMVKY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $2.18 EPS for the quarter, topping the consensus estimate of $0.43 by $1.75. OMV had a net margin of 4.57% and a return on equity of 8.25%. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $8.06 billion. As a group, research analysts anticipate that OMV AG will post 1.64 earnings per share for the current fiscal 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.