OMV AG (OTCMKTS:OMVKY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of OMV AG (OTCMKTS:OMVKY) have been assigned a consensus recommendation of “Reduce” from the seven analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Jefferies Financial Group lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th.

OMV Trading Down 0.8%

OMV stock traded down $0.14 during trading hours on Tuesday, reaching $16.43. 32,987 shares of the company’s stock traded hands, compared to its average volume of 21,668. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 1.95 and a beta of -0.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. OMV has a fifty-two week low of $12.52 and a fifty-two week high of $19.00. The firm’s 50 day moving average is $17.34 and its 200-day moving average is $16.43.

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.