OMV (OTCMKTS:OMVKY) Shares Gap Up – Time to Buy?

OMV AG (OTCMKTS:OMVKY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $19.48, but opened at $20.20. OMV shares last traded at $20.17, with a volume of 2,001 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded OMV from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, OMV presently has a consensus rating of “Reduce”.

OMV Trading Up 1.5%

The stock has a market cap of $26.57 billion, a price-to-earnings ratio of 2.15 and a beta of -0.08. The company’s 50 day simple moving average is $18.00 and its two-hundred day simple moving average is $17.59. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50.

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.