Shares of OMV AG (OTCMKTS:OMVKY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $19.10, but opened at $19.59. OMV shares last traded at $19.53, with a volume of 405 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered shares of OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Sell”.
OMV Price Performance
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.
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