OMV (OTCMKTS:OMVKY) Hits New 1-Year High – Here’s Why

Shares of OMV AG (OTCMKTS:OMVKYGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $18.70 and last traded at $18.70, with a volume of 11544 shares trading hands. The stock had previously closed at $18.33.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on OMVKY

OMV Stock Performance

The company’s 50-day moving average is $17.62 and its two-hundred day moving average is $15.67. The company has a market capitalization of $24.20 billion, a P/E ratio of 2.20 and a beta of -0.09. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25.

About OMV

(Get Free Report)

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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