OMS Energy Technologies Inc.’s Lock-Up Period To Expire on November 10th (NASDAQ:OMSE)

OMS Energy Technologies’ (NASDAQ:OMSE) lock-up period will expire on Monday, November 10th. OMS Energy Technologies had issued 3,703,704 shares in its public offering on May 13th. The total size of the offering was $33,333,336 based on an initial share price of $9.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OMSE. Weiss Ratings restated a “sell (e-)” rating on shares of OMS Energy Technologies in a research note on Wednesday, October 8th. Roth Capital initiated coverage on OMS Energy Technologies in a report on Friday, July 11th. They set a “buy” rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, OMS Energy Technologies presently has a consensus rating of “Hold” and an average price target of $10.00.

OMS Energy Technologies Stock Performance

Shares of OMSE opened at $5.88 on Wednesday. The business has a 50-day moving average of $4.99. OMS Energy Technologies has a 1-year low of $3.27 and a 1-year high of $9.86.

Hedge Funds Weigh In On OMS Energy Technologies

A number of institutional investors have recently bought and sold shares of the stock. Americana Partners LLC purchased a new position in OMS Energy Technologies in the 2nd quarter worth about $75,000. Sanders Morris Harris LLC acquired a new stake in OMS Energy Technologies during the 3rd quarter worth about $73,000. Finally, Geode Capital Management LLC acquired a new position in shares of OMS Energy Technologies in the 2nd quarter valued at 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.