OMV (OTCMKTS:OMVKY) Shares Gap Up – Should You Buy?

OMV AG (OTCMKTS:OMVKY) gapped up before the market opened on Thursday. The stock had previously closed at $20.16, but opened at $20.77. OMV shares last traded at $20.81, with a volume of 575 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OMVKY shares. HSBC restated a “reduce” rating on shares of OMV in a research report on Friday, September 25th. Royal Bank Of Canada raised shares of OMV from an “underperform” rating to a “sector perform” rating in a research note on Tuesday. Barclays restated an “underweight” rating on shares of OMV in a report on Monday. Finally, Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, OMV has an average rating of “Reduce”.

OMV Trading Down 3.5%

The company has a 50-day moving average price of $19.92 and a two-hundred day moving average price of $18.35. The stock has a market cap of $26.43 billion, a P/E ratio of 2.14 and a beta of -0.03. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27.

About OMV

OMV AG is an Austria-based, integrated energy, fuels and chemicals company headquartered in Vienna. Founded in 1956 as Österreichische Mineralölverwaltung, the company has developed from a national oil business into an international energy group serving customers across Europe and selected markets in the Middle East and North Africa.

OMV’s activities include the exploration and production of crude oil and natural gas, natural gas marketing and trading, refining, and the production and distribution of fuels and other energy products.