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

OMV AG (OTCMKTS:OMVKY) has been assigned a consensus recommendation of “Reduce” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

OMVKY has been the topic of a number of analyst reports. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Zacks Research cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st.

OMV Trading Down 6.1%

OMVKY stock opened at $16.82 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. OMV has a twelve month low of $12.23 and a twelve month high of $19.00. The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of 2.00 and a beta of -0.08. The firm’s fifty day simple moving average is $17.92 and its two-hundred day simple moving average is $16.13.

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.