OMV (OTCMKTS:OMVKY) Sets New 52-Week High – Still a Buy?

Shares of OMV AG (OTCMKTS:OMVKY) hit a new 52-week high on Monday . The stock traded as high as $18.70 and last traded at $18.70, with a volume of 11544 shares traded. The stock had previously closed at $18.33.

Wall Street Analyst Weigh In

OMVKY has been the topic of a number of research analyst reports. HSBC downgraded shares of OMV from a “hold” rating to a “reduce” rating in a research note on Thursday, February 5th. The Goldman Sachs Group lowered OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Zacks Research upgraded OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada lowered OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. Finally, Jefferies Financial Group cut OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

OMV Trading Up 1.6%

The company’s 50 day moving average price is $17.54 and its 200 day moving average price is $15.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. The firm has a market cap of $24.39 billion, a PE ratio of 2.22 and a beta of -0.09.

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.