Roth/MKM Starts OMS Energy Technologies (OMSE) at Buy

Roth/MKM analyst Gerry Sweeney initiates coverage on OMS Energy Technologies (NASDAQ: OMSE) with a Buy rating and a price target of $10.00.

The analyst comments: "We initiate coverage of OMSE with a Buy rating and $10.00 price target. OMSE provides equipment and services to oil & gas companies through 11 manufacturing and distribution centers in the Middle East / North Africa (MENA) and Southeast Asia regions. The facilities and broad product catalog are positioned to leverage strategic investments in both regions. Further, post spin-off from Sumitomo (2023), OMSE has the ability to proactively invest in R&D, sales & marketing, and potential acquisitions to better position itself for growth."

For an analyst ratings summary and ratings history on OMS Energy Technologies click here. For more ratings news on OMS Energy Technologies click here.

Shares of OMS Energy Technologies closed at $7.08 yesterday.

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