OMV AG (OTCMKTS:OMVKY) Given Average Recommendation of “Reduce” by Brokerages

Shares of OMV AG (OTCMKTS:OMVKY) have been assigned a consensus rating of “Reduce” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.

A number of equities analysts recently commented on OMVKY shares. Barclays reaffirmed an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Royal Bank Of Canada lowered shares of OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday. Berenberg Bank cut shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. The Goldman Sachs Group downgraded shares of OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Finally, Zacks Research downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th.

OMV Stock Down 1.2%

OMVKY stock opened at $14.68 on Friday. OMV has a fifty-two week low of $9.66 and a fifty-two week high of $15.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.30. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 3.48 and a beta of 0.02. The business’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $13.74.

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.