OMV (OTCMKTS:OMVKY) Hits New 12-Month High – Time to Buy?

OMV AG (OTCMKTS:OMVKY) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $19.01 and last traded at $19.01, with a volume of 170 shares trading hands. The stock had previously closed at $18.73.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, OMV currently has a consensus rating of “Strong Sell”.

OMV Trading Up 1.4%

The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $17.28 and its two-hundred day moving average price is $17.20. The firm has a market cap of $25.04 billion, a PE ratio of 2.02 and a beta of -0.08.

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.