OMV (OTCMKTS:OMVKY) Reaches New 12-Month High – Here’s Why

OMV AG (OTCMKTS:OMVKYGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.0370 and last traded at $15.0370, with a volume of 2502 shares traded. The stock had previously closed at $14.6750.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OMVKY. Royal Bank Of Canada cut shares of OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. Barclays restated an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Berenberg Bank cut shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. The Goldman Sachs Group lowered shares of OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Finally, Zacks Research downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

View Our Latest Report on OMV

OMV Stock Up 2.5%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 1.65. The stock’s fifty day simple moving average is $14.12 and its two-hundred day simple moving average is $13.74. The company has a market capitalization of $19.68 billion, a price-to-earnings ratio of 3.56 and a beta of 0.02.

About OMV

(Get Free Report)

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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