OMV (OTCMKTS:OMVKY) Sets New 1-Year High – Should You Buy?

OMV AG (OTCMKTS:OMVKY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.0350 and last traded at $19.97, with a volume of 10503 shares changing hands. The stock had previously closed at $19.50.

Analysts Set New Price Targets

Separately, Zacks Research raised OMV from a “strong sell” rating to a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, OMV presently has a consensus rating of “Reduce”.

OMV Stock Up 0.4%

The company has a 50-day moving average of $17.57 and a 200-day moving average of $17.39. The company has a market capitalization of $26.43 billion, a price-to-earnings ratio of 2.14 and a beta of -0.08. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25.

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.