OMS Energy Technologies (NASDAQ:OMSE) Earns Sell (E-) Rating from Weiss Ratings

Key Points

• OMS Energy Technologies has received a "sell (E-)" rating from Weiss Ratings, reaffirming its unfavorable outlook.
• In contrast, Roth Capital has initiated coverage with a "buy" rating and a price target of $10.00, while the consensus rating remains a "Hold."
• Institutional investors have recently increased their stakes in OMS Energy Technologies, indicating potential investor confidence despite the mixed ratings.

OMS Energy Technologies (NASDAQ:OMSE - Get Free Report)'s stock had its "sell (e-)" rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Roth Capital assumed coverage on OMS Energy Technologies in a research report on Friday, July 11th. They issued a "buy" rating and a $10.00 price target for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.00.

OMS Energy Technologies Stock Down 0.3%

OMSE stock opened at $3.96 on Wednesday. The firm has a fifty day simple moving average of $5.77. OMS Energy Technologies has a fifty-two week low of $3.27 and a fifty-two week high of $9.86.

Institutional Trading of OMS Energy Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Sanders Morris Harris LLC bought a new stake in shares of OMS Energy Technologies during the third quarter worth $73,000. Americana Partners LLC bought a new stake in shares of OMS Energy Technologies during the second quarter worth $75,000. Finally, Geode Capital Management LLC bought a new stake in shares of OMS Energy Technologies during the second quarter worth $148,000.

About OMS Energy Technologies

We are a growth-oriented manufacturer of surface wellhead systems, or SWS, and oil country tubular goods, or OCTG products used in the oil and gas industry. These products are primarily used for both onshore and offshore oil exploration and production, or E&P activities in the Asia Pacific and the Middle Eastern and North Africa (MENA) Regions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.