OMV Aktiengesellschaft (OTCMKTS:OMVJF) Downgraded by Zacks Investment Research

OMV Aktiengesellschaft (OTCMKTS:OMVJFGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday, reports.

According to Zacks, “OMV Aktiengesellschaft (OMV AG) is an Austria-based integrated oil and gas company. It operates through two segments: Upstream and Downstream. The Upstream segment focuses on the exploration, development and production of oil and gas in three core regions: Central and Eastern Europe (CEE), the North Sea, as well as the Middle East and Africa. The Downstream segment comprises two business units: Downstream Oil, that operates around 3,800 filling stations in approximately 10 countries, refineries in Austria and Germany, both of which feature integrated petrochemical production, as well as the Petrobrazi refinery in Romania, which processes predominantly Romanian crude oil, and Downstream Gas, that focuses on gas trade and sales, as well as owns a pipeline network and gas storage facilities in Austria. “

Shares of OMVJF stock opened at $50.55 on Thursday. The stock has a market cap of $16.53 billion, a PE ratio of 4.02 and a beta of 0.97. The business has a 50-day simple moving average of $49.09 and a 200-day simple moving average of $55.29. The company has a quick ratio of 0.97, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. OMV Aktiengesellschaft has a 52-week low of $43.35 and a 52-week high of $69.50.

OMV Aktiengesellschaft Company Profile (Get Rating)

OMV Aktiengesellschaft operates as an integrated oil, gas, and chemical company in Austria and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment explores for, develops, and produces oil and gas resources primarily in Central and Eastern Europe, the Middle East and Africa, the North Sea, Russia, and the Asia-Pacific.

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