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

Key Points

• OMS Energy Technologies (NASDAQ:OMSE) received a "sell (e-)" rating from Weiss Ratings, reissued on a recent report.
• Roth Capital has initiated coverage on OMS Energy Technologies with a "buy" rating and a target price of $10.00.
• OMS Energy Technologies' stock performance shows a current price of $5.07, with a 52-week low of $3.27 and a high of $9.86.

OMS Energy Technologies (NASDAQ:OMSE - Get Free Report)'s stock had its "sell (e-)" rating reissued by investment analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

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

OMS Energy Technologies Price Performance

Shares of NASDAQ:OMSE opened at $5.07 on Friday. The company has a fifty day moving average of $5.07. OMS Energy Technologies has a 52-week low of $3.27 and a 52-week high of $9.86.

Institutional Investors Weigh In On OMS Energy Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new stake in OMS Energy Technologies in the second quarter valued at $148,000. Sanders Morris Harris LLC acquired a new stake in shares of OMS Energy Technologies in the third quarter valued at $73,000. Finally, Americana Partners LLC acquired a new stake in shares of OMS Energy Technologies in the second quarter valued at $75,000.

OMS Energy Technologies Company Profile

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.

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