Zacks Investment Research upgraded shares of OMV (OTCMKTS:OMVJF) from a hold rating to a buy rating in a research note released on Saturday morning, Zacks.com reports. They currently have $61.00 price objective on the stock.
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 OMV stock opened at $54.30 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 1.08. OMV has a 1 year low of $53.19 and a 1 year high of $54.30. The company has a market cap of $17.73 billion, a P/E ratio of 9.43, a P/E/G ratio of -3.19 and a beta of 0.25.
OMV Aktiengesellschaft operates as an integrated oil and gas company. 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, North Sea, Russia, the Middle East and Africa, and the Asia- Pacific.
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