OMV AG (OTCMKTS:OMVKY) Given Average Recommendation of “Reduce” by Analysts

OMV AG (OTCMKTS:OMVKY) has earned an average recommendation of “Reduce” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

OMVKY has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday. HSBC downgraded shares of OMV from a “hold” rating to a “reduce” rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th.

OMV Stock Up 0.3%

Shares of OTCMKTS OMVKY opened at $18.61 on Friday. The company has a market capitalization of $24.36 billion, a P/E ratio of 2.21 and a beta of -0.08. OMV has a 52-week low of $12.23 and a 52-week 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 company’s 50 day moving average price is $17.93 and its 200-day moving average price is $16.05.

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.