OMS Energy Technologies Inc.’s Lock-Up Period Set To End 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 IPO on May 13th. The total size of the offering was $33,333,336 based on an initial share price of $9.00. After the expiration of OMS Energy Technologies’ lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

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

OMS Energy Technologies Stock Performance

Shares of OMSE stock opened at $5.37 on Friday. OMS Energy Technologies has a 1-year low of $3.27 and a 1-year high of $9.86. The business’s 50-day moving average is $4.95.

Institutional Investors Weigh In On OMS Energy Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Americana Partners LLC acquired a new stake in OMS Energy Technologies during the second quarter worth about $75,000. Geode Capital Management LLC acquired a new stake in OMS Energy Technologies during the 2nd quarter worth approximately $148,000. Finally, Sanders Morris Harris LLC purchased a new position in OMS Energy Technologies in the third quarter valued at approximately $73,000.

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.