OMV (OTCMKTS:OMVKY) Reaches New 1-Year High – Still a Buy?

Shares of OMV AG (OTCMKTS:OMVKY) reached a new 52-week high during trading on Friday. The company traded as high as $21.0510 and last traded at $21.04, with a volume of 1,460 shares changing hands. The stock had previously closed at $20.52.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zacks Research upgraded OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Royal Bank Of Canada raised OMV from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, October 6th. Barclays reissued an “underweight” rating on shares of OMV in a report on Monday, October 5th. Finally, HSBC reissued a “reduce” rating on shares of OMV in a report on Friday, September 25th. One 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 MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

OMV Stock Up 2.6%

The firm has a market cap of $27.57 billion, a P/E ratio of 2.23 and a beta of -0.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.22. The firm’s fifty day moving average is $20.40 and its 200 day moving average is $17.92.

OMV Company Profile

OMV AG (OTCMKTS:OMVKY) is an Austria-based, integrated energy, fuels and chemicals company. Its operations span the energy value chain, including exploration and production of crude oil and natural gas, natural gas marketing, fuel refining and distribution, and the development of lower-carbon energy solutions.

The company supplies fuels, feedstocks and other energy products to customers in Central and Southeastern Europe and selected international markets. OMV operates refining and retail businesses, including service stations, and has historically maintained upstream activities in countries such as Austria, Romania, Norway and the United Arab Emirates.