OMV (OTCMKTS:OMVKY) Hits New 12-Month High – Here’s Why

Shares of OMV AG (OTCMKTS:OMVKY) hit a new 52-week high during trading on Friday. The company traded as high as $21.0510 and last traded at $21.04, with a volume of 1,460 shares trading hands. The stock had previously closed at $20.52.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OMVKY. Barclays reaffirmed an “underweight” rating on shares of OMV in a research report on Monday, October 5th. HSBC restated a “reduce” rating on shares of OMV in a report on Friday, September 25th. Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada upgraded shares of OMV from an “underperform” rating to a “sector perform” rating in a report on Tuesday, October 6th. One 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, the company currently has a consensus rating of “Reduce”.

OMV Price Performance

The business has a fifty day moving average of $20.40 and a 200-day moving average of $17.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.22. The firm has a market capitalization of $27.57 billion, a P/E ratio of 2.23 and a beta of -0.03.

OMV Company Profile

OMV AG (OTCMKTS:OMVKY) is an Austria-based, integrated energy, fuels and chemicals company. Its operations span the energy value chain, including exploration and production of crude oil and natural gas, natural gas marketing, fuel refining and distribution, and the development of lower-carbon energy solutions.

The company supplies fuels, feedstocks and other energy products to customers in Central and Southeastern Europe and selected international markets. OMV operates refining and retail businesses, including service stations, and has historically maintained upstream activities in countries such as Austria, Romania, Norway and the United Arab Emirates.