OMV AG (OMVJF) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of OMV AG (OTCMKTS:OMVJF) from a hold rating to a buy rating in a research report report published on Wednesday, November 1st. Zacks Investment Research currently has $64.00 target price 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. “

OMV AG (OMVJF) opened at $59.85 on Wednesday. OMV AG has a one year low of $33.25 and a one year high of $59.85. The company has a market cap of $19,590.00 and a price-to-earnings ratio of 12.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.42 and a current ratio of 1.68.

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OMV AG Company Profile

OMV Aktiengesellschaft operates as an integrated oil and gas company. It operates in two segments, Upstream and Downstream. The Upstream segment explores for, develops, and produces oil and gas resources primarily in Romania and Black Sea, Austria, North Sea, Australasia, the Middle East, and Africa.

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