OMV AG (OTCMKTS:OMVKY) Receives Average Rating of “Reduce” from Analysts

Shares of OMV AG (OTCMKTS:OMVKY) have earned a consensus recommendation of “Reduce” from the seven research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.

Several research firms recently issued reports on OMVKY. Jefferies Financial Group reiterated a “buy” rating on shares of OMV in a report on Thursday, January 8th. Royal Bank Of Canada lowered shares of OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. Berenberg Bank downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Barclays reaffirmed an “underweight” rating on shares of OMV in a research note on Friday, December 12th. Finally, Zacks Research cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th.

OMV Stock Up 4.4%

Shares of OMVKY opened at $15.70 on Friday. The business’s fifty day moving average price is $14.17 and its two-hundred day moving average price is $13.77. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 3.72 and a beta of 0.02. OMV has a 52 week low of $9.66 and a 52 week high of $15.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 1.65.

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.