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

Shares of OMV AG (OTCMKTS:OMVKY) have earned an average recommendation of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company.

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

OMV Trading Up 0.6%

OTCMKTS OMVKY opened at $15.46 on Tuesday. The firm’s 50 day moving average price is $17.42 and its two-hundred day moving average price is $16.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. OMV has a twelve month low of $12.52 and a twelve month high of $19.00. The stock has a market cap of $20.24 billion, a price-to-earnings ratio of 1.84 and a beta of -0.08.

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.