OMV AG (OTCMKTS:OMVKY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of OMV AG (OTCMKTS:OMVKY) have received a consensus rating of “Reduce” from the seven analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company.

Several research firms have weighed in on OMVKY. Zacks Research cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th.

OMV Price Performance

OTCMKTS OMVKY opened at $15.46 on Tuesday. OMV has a 1 year low of $12.52 and a 1 year high of $19.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The stock has a market capitalization of $20.24 billion, a P/E ratio of 1.84 and a beta of -0.08. The business’s fifty day moving average is $17.42 and its two-hundred day moving average is $16.34.

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.