OMV AG (OTCMKTS:OMVKY) Given Average Recommendation of “Reduce” by Analysts

Shares of OMV AG (OTCMKTS:OMVKY) have received an average recommendation of “Reduce” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

OMVKY has been the topic of a number of analyst reports. Zacks Research cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th.

OMV Price Performance

OMVKY stock opened at $17.01 on Friday. The firm’s 50-day moving average price is $17.88 and its two-hundred day moving average price is $16.17. OMV has a 12-month low of $12.52 and a 12-month high of $19.00. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 2.02 and a beta of -0.08. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25.

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.