OMV (OTCMKTS:OMVKY) Shares Gap Up – What’s Next?

OMV AG (OTCMKTS:OMVKY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $19.10, but opened at $19.59. OMV shares last traded at $19.53, with a volume of 405 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, OMV presently has a consensus rating of “Strong Sell”.

OMV Stock Up 1.0%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The firm has a market capitalization of $25.54 billion, a PE ratio of 2.06 and a beta of -0.08. The company has a fifty day moving average price of $17.32 and a 200-day moving average price of $17.26.

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.