OMV AG (OTCMKTS:OMVKY) Receives Consensus Recommendation of “Reduce” from Analysts

OMV AG (OTCMKTS:OMVKY) has been assigned an average recommendation of “Reduce” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a strong buy recommendation on the company.

OMVKY has been the subject of several research reports. Royal Bank Of Canada downgraded shares of OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. Jefferies Financial Group downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. HSBC downgraded shares of OMV from a “hold” rating to a “reduce” rating in a research report on Thursday, February 5th. Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group downgraded shares of OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th.

OMV Price Performance

Shares of OMVKY opened at $18.33 on Monday. The business’s fifty day moving average is $17.54 and its 200 day moving average is $15.59. OMV has a 12-month low of $12.23 and a 12-month high of $18.68. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The stock has a market cap of $24.00 billion, a P/E ratio of 2.18 and a beta of -0.09.

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.