Zacks Research Upgrades OMS Energy Technologies (NASDAQ:OMSE) to “Hold”
by Jessica Moore · The Cerbat GemOMS Energy Technologies (NASDAQ:OMSE – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
Separately, Weiss Ratings upgraded OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, OMS Energy Technologies presently has an average rating of “Reduce”.
Check Out Our Latest Stock Analysis on OMS Energy Technologies
OMS Energy Technologies Trading Up 0.6%
OMS Energy Technologies stock opened at $4.31 on Tuesday. The stock has a fifty day moving average price of $4.28 and a 200 day moving average price of $4.47. OMS Energy Technologies has a 52 week low of $3.27 and a 52 week high of $7.70.
Institutional Investors Weigh In On OMS Energy Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the business. Ramsey Quantitative Systems acquired a new position in OMS Energy Technologies in the second quarter valued at approximately $143,000. Renaissance Technologies LLC bought a new position in shares of OMS Energy Technologies during the first quarter valued at approximately $44,000. XTX Topco Ltd acquired a new stake in shares of OMS Energy Technologies during the 4th quarter worth approximately $63,000. Marex Group plc acquired a new stake in shares of OMS Energy Technologies during the 4th quarter worth approximately $127,000. Finally, Susquehanna International Group LLP bought a new stake in shares of OMS Energy Technologies in the 3rd quarter worth approximately $97,000.
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. Our customers often operate in geographic locations where the operating environment requires wellheads, casing and tubing materials capable of meeting exact standards for temperature, pressure, corrosion, torque resistance and abrasion.