OMV (OTCMKTS:OMVKY) Shares Gap Down – What’s Next?

Shares of OMV AG (OTCMKTS:OMVKY) gapped down before the market opened on Thursday . The stock had previously closed at $16.16, but opened at $15.48. OMV shares last traded at $15.50, with a volume of 310 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OMVKY. Zacks Research cut OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Jefferies Financial Group cut OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

OMV Trading Down 0.1%

The stock has a market capitalization of $20.45 billion, a PE ratio of 1.86 and a beta of -0.08. 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 business’s 50-day moving average is $17.55 and its two-hundred day moving average is $16.31.

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.