OMV AG (OTCMKTS:OMVKY – Get Free Report) shares passed above its two hundred day moving average during trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a two hundred day moving average of $16.68 and traded as high as $17.94. OMV shares last traded at $17.90, with a volume of 30,537 shares trading hands.
A number of other research firms also recently weighed in on OMVKY. Royal Bank Of Canada downgraded OMV from a “sector perform” rating to an “underperform” rating in a report on Thursday, January 29th. Berenberg Bank lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a research note on Thursday, February 5th. Jefferies Financial Group reissued a “buy” rating on shares of OMV in a report on Thursday, January 8th. Finally, Barclays reaffirmed an “underweight” rating on shares of OMV in a report on Friday, December 12th. Three equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Sell”.
OMV Stock Up 1.7%
OMV Company Profile
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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