UBS Sticks to Its Buy Rating for OMV AG (OMV)

UBS analyst Joshua Stone maintained a Buy rating on OMV AG today and set a price target of €48.00. The company’s shares opened today at €44.96.

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Stone covers the Energy sector, focusing on stocks such as Shell (UK), BP p.l.c., and ENI S.p.A.. According to TipRanks, Stone has an average return of 3.9% and a 56.64% success rate on recommended stocks.

In addition to UBS, OMV AG also received a Buy from Berenberg Bank’s Henry Tarr in a report issued on September 25. However, on October 6, Kepler Capital maintained a Hold rating on OMV AG (XETRA: OMV).

Based on OMV AG’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €5.79 billion and a net profit of €257 million. In comparison, last year the company earned a revenue of €8.58 billion and had a net profit of €394 million

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OMV in relation to earlier this year.