- Production Lag: OMV’s 2Q production was 338,000 barrels of oil equivalent per day (boe/d), falling short of the estimated 348,946 boe/d.
- Refining Margins Drop: Refining margin was $7, down 7.8% year-on-year (y/y), below the estimate of $7.39.
- Crude Oil and NGL Production Decline: Crude oil and natural gas liquids (NGL) production recorded 183,000 boe/d, a 3.7% decrease y/y, missing the estimate of 184,765 boe/d.
- Natural Gas Production: Natural gas production at 156,000 boe/d was down 4.3% y/y.
- Cruise Oil Price Increase: The average realized price per barrel of crude oil was $81.50, up 9% y/y, but slightly below the $82.50 estimate.
- Chemicals Sector Impact: OMV expects a mid double-digit million euro negative impact in 2Q from inventory effects in the Chemicals sector.
- Gas & Power Sector Issues: In Eastern Europe, OMV foresees a significant negative impact on the clean-CCS operating result due to legislation changes and a planned outage at the Brazi power plant.
- Analyst Opinions: Current analyst ratings include 8 buy recommendations, 10 hold ratings, and 4 sell ratings.
A look at OMV AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, OMV AG seems to have a positive long-term outlook. With a high Dividend score of 5, the company is projected to provide solid returns to its shareholders through dividend payments. Additionally, its Value score of 4 suggests that the company’s stock may be undervalued based on its financial fundamentals. The Resilience score of 4 indicates that OMV AG has a strong ability to withstand economic downturns and market fluctuations.
While the Growth and Momentum scores are slightly lower at 3, indicating moderate performance in these areas, the overall outlook for OMV AG appears promising. The company’s core business of exploring for and refining crude oil and natural gas, along with its diversified operations in manufacturing plastics for various industries, positions it well for sustained growth and profitability in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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