OMV (OTCMKTS:OMVKY) Shares Gap Up – Still a Buy?

OMV AG (OTCMKTS:OMVKY) gapped up before the market opened on Thursday. The stock had previously closed at $20.16, but opened at $20.77. OMV shares last traded at $20.81, with a volume of 575 shares.

Wall Street Analysts Forecast Growth

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

OMV Stock Up 2.3%

The stock has a 50 day moving average of $19.83 and a 200-day moving average of $18.31. The firm has a market capitalization of $27.36 billion, a P/E ratio of 2.21 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.

OMV Company Profile

OMV AG 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 business into an international energy group serving customers across Europe and selected markets in the Middle East and North Africa.

OMV’s activities include the exploration and production of crude oil and natural gas, natural gas marketing and trading, refining, and the production and distribution of fuels and other energy products.