OMV AG (OTCMKTS:OMVKY – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a 200-day moving average of $16.68 and traded as high as $17.94. OMV shares last traded at $17.90, with a volume of 30,537 shares.
Several other equities research analysts also recently weighed in on OMVKY. HSBC downgraded OMV from a “hold” rating to a “reduce” rating in a research report on Thursday, February 5th. Berenberg Bank cut OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. The Goldman Sachs Group downgraded OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of OMV in a report on Thursday, January 8th. Finally, Barclays reiterated an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell”.
Read Our Latest Research Report on OMV
OMV Price Performance
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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