OMV AG (OTCMKTS:OMVKY – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.06 and traded as high as $18.28. OMV shares last traded at $18.22, with a volume of 13,694 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Strong Sell”.
OMV Stock Down 1.1%
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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