OMS Energy Technologies (NASDAQ:OMSE) Announces Earnings Results

OMS Energy Technologies (NASDAQ:OMSE) posted its quarterly earnings data on Thursday. The company reported $999.00 EPS for the quarter, Zacks reports.

OMS Energy Technologies Trading Up 2.8%

Shares of NASDAQ:OMSE traded up $0.11 during trading on Thursday, reaching $4.06. 64,810 shares of the stock traded hands, compared to its average volume of 14,352. OMS Energy Technologies has a 52-week low of $3.27 and a 52-week high of $7.89. The stock has a 50-day moving average of $4.54 and a two-hundred day moving average of $4.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMSE. XTX Topco Ltd purchased a new position in OMS Energy Technologies in the fourth quarter worth about $63,000. Marex Group plc bought a new stake in shares of OMS Energy Technologies during the fourth quarter worth $127,000. Susquehanna International Group LLP purchased a new stake in OMS Energy Technologies in the 3rd quarter valued at about $97,000. Millennium Management LLC purchased a new stake in shares of OMS Energy Technologies in the third quarter valued at approximately $474,000. Finally, Citadel Advisors LLC purchased a new position in shares of OMS Energy Technologies during the third quarter valued at $80,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.00.

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.