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

OMV AG (OTCMKTS:OMVKY) gapped up prior to trading on Thursday. The stock had previously closed at $20.16, but opened at $20.77. OMV shares last traded at $20.81, with a volume of 575 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on OMVKY shares. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. HSBC restated a “reduce” rating on shares of OMV in a report on Friday, September 25th. Barclays reaffirmed an “underweight” rating on shares of OMV in a research report on Monday. Finally, Royal Bank Of Canada raised OMV from an “underperform” rating to a “sector perform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

OMV Stock Up 2.3%

The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $19.83 and its 200-day simple moving average is $18.31. The firm has a market capitalization of $27.36 billion, a P/E ratio of 2.21 and a beta of -0.03.

OMV Company Profile

OMV AG is an Austria-based, integrated energy, fuels and chemicals company headquartered in Vienna. Founded in 1956 as Österreichische Mineralölverwaltung, the company has developed from a national oil business into an international energy group serving customers across Europe and selected markets in the Middle East and North Africa.

OMV’s activities include the exploration and production of crude oil and natural gas, natural gas marketing and trading, refining, and the production and distribution of fuels and other energy products.