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

OMV AG (OTCMKTS:OMVKYGet Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $19.10, but opened at $19.59. OMV shares last traded at $19.53, with a volume of 405 shares.

Analysts Set New Price Targets

Separately, Zacks Research downgraded 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. According to data from MarketBeat, the company presently has a consensus rating of “Strong Sell”.

Check Out Our Latest Report on OMVKY

OMV Trading Up 1.0%

The stock has a market cap of $25.54 billion, a PE ratio of 2.06 and a beta of -0.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The stock has a fifty day moving average price of $17.32 and a 200 day moving average price of $17.26.

OMV Company Profile

(Get Free Report)

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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