OMV (OTCMKTS:OMVKY) Shares Gap Up – Here’s What Happened

OMV AG (OTCMKTS:OMVKY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $19.48, but opened at $20.20. OMV shares last traded at $20.17, with a volume of 2,001 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised OMV from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, OMV presently has a consensus rating of “Reduce”.

OMV Stock Performance

The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average is $18.00 and its two-hundred day moving average is $17.59. The stock has a market cap of $26.57 billion, a price-to-earnings ratio of 2.15 and a beta of -0.08.

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.