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OMV Petrom is covered by various financial analysts, who provide their own research analyses and earnings estimates in respect of the company.

On this page, we provide you with the list containing banks’ and institutions’ analysts, who regularly publish research reports on OMV Petrom, as well as their contact details, recommendations and target prices.

Furthermore, every quarter ahead of the earnings announcement, the Investor Relations (IR) department of OMV Petrom collects earnings estimates from the equity analysts currently covering the company.

Company Analyst Contact Date of report Recommendation TP
Alpha Bank Ioana Andrei 03.10.2023 Hold 0.61

BT Capital Partners

Irina Railean 21.10.2022 Outperform 0.652
BRD Groupe SG Laura Simion n.a. n.a. n.a.
Concorde       Securities* Attila Vago 28.07.2023 Buy 0.649
Erste Bank Tamas Pletser 28.03.2024 Buy 0.925
PKO                   Securities Adam Milewicz

19.03.2024 Buy


Raiffeisen Centrobank

Oleg Galbur

21.02.2024 Buy


Swiss Capital Daniela Mandru 27.03.2024


Wood &        Company Iuliana Ciopraga



Bank Pekao Krzysztof Koziel 11.12.2023 Hold 0.60
IPOPEMA Tomasz Kasowicz 16.11.2023 Hold 0.57
        Average 0.680
* Coverage in transition  

Every quarter ahead of the earnings announcement, the Investor Relations department of OMV Petrom collects earnings estimates from the equity analysts currently covering the company. These numbers become a proxy for what the market expects in terms of OMV Petrom’s results. For the fourth quarter of 2023, eight analysts contributed with clean CCS result estimates. For the 2023 DPS estimates we had eleven contributors.

The consensus numbers for the Operating Result and net income attributable to stockholders are presented on a clean CCS (current cost of supply) basis. That means that they do not include any special items and Refining and Marketing inventory holding gains/losses (CCS effects).

Q4 2023:

In RON mn Median Min Max
Clean CCS Operating Result, thereof:




   Clean Operating Result Exploration and Production

929 774 1,080

   Clean CCS Operating Result Refining and Marketing




   Clean Operating Result Gas and Power


446 621

Clean CCS net income attributable to stockholders



2023 DPS (in RON), thereof: 0.0600 0.0375 0.0863
   Base dividend 0.0400 0.0375 0.0413
   Special dividend 0.0187 0.0150 0.0450

As of January 25, 2024; minimum special DPS calculated from seven contributors that have estimates >0


This document has been issued by OMV Petrom (“the Company”) for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The Company does not endorse them. Such estimates and forecasts cannot be independently verified due to their subjective character. The Company gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness. Reference to assessments serves only for reader information and is non-binding. This document does not imply that the Company subscribes to these opinions or conclusions in any form whatsoever, or that the Company supports or confirms them. The Company accepts no liability for the selection, current relevance, completeness or correctness of the analysts’ assessments reproduced here. None of the information provided is to be understood as an offer for purchase of OMV Petrom securities, or to be advertising same. Any liability on the part the Company for losses incurred by third parties arising from the information contained on this Internet site is precluded.