OMV (OTCMKTS:OMVKY) Sets New 1-Year High – Here’s Why

OMV AG (OTCMKTS:OMVKY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.05 and last traded at $20.81, with a volume of 10566 shares. The stock had previously closed at $20.85.

Analysts Set New Price Targets

Separately, Zacks Research raised OMV from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

OMV Stock Down 1.2%

The business has a fifty day moving average of $19.07 and a 200 day moving average of $17.94. The stock has a market cap of $27.14 billion, a price-to-earnings ratio of 2.19 and a beta of -0.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.22 and a quick ratio of 0.92.

About OMV

OMV Aktiengesellschaft is an Austria-based, integrated energy, fuels and chemicals company headquartered in Vienna. Founded in 1956 as Österreichische Mineralölverwaltung, the company has developed from a national oil enterprise into an international energy group serving customers primarily in Europe and selected markets in the Middle East and North Africa.

OMV’s energy operations include the exploration and production of crude oil and natural gas, natural gas trading and supply, and the processing and marketing of fuels.