OMV AG (OTCMKTS:OMVKY) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of OMV AG (OTCMKTS:OMVKY) have been given a consensus rating of “Reduce” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

Separately, Zacks Research upgraded shares of OMV from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th.

OMV Price Performance

OMVKY stock opened at $19.79 on Wednesday. The company has a market capitalization of $25.91 billion, a P/E ratio of 2.09 and a beta of -0.08. OMV has a twelve month low of $12.52 and a twelve month high of $20.23. The business has a 50 day simple moving average of $17.71 and a 200-day simple moving average of $17.47. The company has a current ratio of 1.50, a quick ratio of 1.24 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.