OMV traded at 68.03 this Wednesday August 19th, increasing 0.48 or 0.70 percent since the previous trading session. Looking back, over the last four weeks, OMV gained 8.58 percent. Over the last 12 months, its price rose by 40.84 percent. Looking ahead, we forecast OMV to be priced at 63.78 by the end of this quarter and at 58.23 in one year, according to Trading Economics global macro models projections and analysts expectations.
OMV AG (OMV) is an Austria-based integrated oil and gas company. The Company operates through two segments: Upstream and Downstream. The Upstream segment focuses on the exploration, development and production of oil and gas in five core regions: Central and Eastern Europe (CEE), the Middle East and Africa, the North Sea, Russia and Asia-Pacific. The Company has a production capacity of over 400 thousand barrel of oil equivalent per day (kboe/d). The Downstream segment comprises two business units: Downstream Oil, that operates around 2,100 filling stations in approximately 10 countries, refineries in Austria and Germany, both of which feature integrated petrochemical production, as well as refinery in Romania, which processes predominantly Romanian crude oil, and Downstream Gas, that focuses on gas trade and sales, as well as owns gas storage facilities in Austria and Germany. Its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria.