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

OMS Energy Technologies (NASDAQ:OMSE) was upgraded by equities researchers at Zacks Research to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings raised shares of OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

OMS Energy Technologies Price Performance

OMS Energy Technologies stock opened at $4.31 on Tuesday. The firm has a 50-day moving average of $4.28 and a two-hundred day moving average of $4.47. OMS Energy Technologies has a 1 year low of $3.27 and a 1 year high of $7.70.

Hedge Funds Weigh In On OMS Energy Technologies

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