OMS Energy Technologies (NASDAQ:OMSE) Raised to Hold at Zacks Research

OMS Energy Technologies (NASDAQ:OMSE) was upgraded by equities research 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 shares of OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

OMS Energy Technologies Trading Up 0.6%

NASDAQ:OMSE opened at $4.31 on Tuesday. The stock has a 50-day moving average price of $4.28 and a 200 day moving average price of $4.47. OMS Energy Technologies has a 12-month low of $3.27 and a 12-month high of $7.70.

Hedge Funds Weigh In On OMS Energy Technologies

A number of large investors have recently made changes to their positions in the company. Millennium Management LLC bought a new stake in OMS Energy Technologies in the third quarter worth about $474,000. Two Sigma Investments LP purchased a new position in OMS Energy Technologies during the 3rd quarter valued at $310,000. Geode Capital Management LLC purchased a new position in OMS Energy Technologies during the 2nd quarter valued at $148,000. XTX Topco Ltd bought a new position in OMS Energy Technologies in the 4th quarter valued at $63,000. Finally, Marex Group plc bought a new position in OMS Energy Technologies in the 4th quarter valued at $127,000.

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. 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.