OMS Energy Technologies Inc. (NASDAQ:OMSE – Get Free Report) shares dropped 0.6% on Wednesday. The company traded as low as $3.89 and last traded at $3.9850. 22,896 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 16,964 shares. The stock had previously closed at $4.01.
Analysts Set New Price Targets
A number of research firms have recently weighed in on OMSE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OMS Energy Technologies in a research note on Thursday, August 27th. Zacks Research upgraded OMS Energy Technologies to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.
View Our Latest Stock Report on OMSE
OMS Energy Technologies Stock Performance
The company has a fifty day moving average price of $4.35 and a 200-day moving average price of $4.44.
Hedge Funds Weigh In On OMS Energy Technologies
An institutional investor recently bought a new position in OMS Energy Technologies stock. Ramsey Quantitative Systems bought a new stake in OMS Energy Technologies Inc. (NASDAQ:OMSE – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,978 shares of the company’s stock, valued at approximately $143,000. Ramsey Quantitative Systems owned about 0.09% of OMS Energy Technologies as of its most recent SEC filing.
OMS Energy Technologies Company Profile
OMS Energy Technologies (NASDAQ: OMSE) is an energy-services and manufacturing company focused on products used in oil and gas well construction and production. The company primarily supplies oil country tubular goods (OCTG), including casing and tubing, which are installed in wells to support drilling operations and transport hydrocarbons.
Its product and service offerings include threaded and coupled tubular products, premium connections, related accessories, and associated inspection, processing and supply-chain services.
Further Reading
- Five stocks we like better than OMS Energy Technologies
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for OMS Energy Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OMS Energy Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
