OMS Energy Technologies (NASDAQ:OMSE) Announces Quarterly Earnings Results

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

OMS Energy Technologies Price Performance

Shares of NASDAQ:OMSE traded up $0.11 during trading on Thursday, reaching $4.06. 64,810 shares of the company’s stock traded hands, compared to its average volume of 14,352. OMS Energy Technologies has a fifty-two week low of $3.27 and a fifty-two week high of $7.89. The company has a 50-day simple moving average of $4.54 and a 200-day simple moving average of $4.55.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On OMS Energy Technologies

A number of hedge funds have recently modified their holdings of OMSE. XTX Topco Ltd acquired a new stake in OMS Energy Technologies in the 4th quarter valued at approximately $63,000. Citadel Advisors LLC acquired a new stake in OMS Energy Technologies in the 3rd quarter valued at about $80,000. Susquehanna International Group LLP purchased a new position in OMS Energy Technologies in the third quarter worth approximately $97,000. Marex Group plc acquired a new position in shares of OMS Energy Technologies during the fourth quarter worth $127,000. Finally, Geode Capital Management LLC acquired a new position in shares of OMS Energy Technologies during the 2nd quarter worth about $148,000.

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.