OMV (OTCMKTS:OMVKY) Shares Gap Down – Here’s Why
by Kim Johansen · The Markets DailyOMV AG (OTCMKTS:OMVKY – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $18.71, but opened at $17.99. OMV shares last traded at $18.2250, with a volume of 6,643 shares changing hands.
Analysts Set New Price Targets
A number of research firms have weighed in on OMVKY. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Zacks Research downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.
Check Out Our Latest Research Report on OMV
OMV Trading Down 6.1%
The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. The firm has a market capitalization of $22.02 billion, a PE ratio of 2.00 and a beta of -0.08. The company’s fifty day simple moving average is $17.92 and its 200-day simple moving average is $16.13.
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.