OMV (OTCMKTS:OMVKY) Shares Gap Down – Here’s Why

OMV AG (OTCMKTS:OMVKY) gapped down prior to trading on Monday . The stock had previously closed at $18.71, but opened at $17.99. OMV shares last traded at $18.2250, with a volume of 6,643 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group cut OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Zacks Research cut OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

OMV Stock Down 2.6%

The firm has a 50 day moving average of $17.95 and a two-hundred day moving average of $16.08. The firm has a market capitalization of $23.85 billion, a price-to-earnings ratio of 2.17 and a beta of -0.08. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25.

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.