Roth Capital Initiates Coverage of OMS Energy Technologies (OMSE) Stock with a Buy

OMS Energy Technologies Inc. (NASDAQ:OMSE) is one of the Most Undervalued Stocks Under $10 to Buy Now. Roth Capital analyst Gerry Sweeney initiated coverage of the company’s stock with a “Buy” rating and a price objective of $10, as reported by The Fly. The research firm noted OMS Energy Technologies Inc. (NASDAQ:OMSE)’s strategic positioning in the broader oil and gas sector, highlighting that it offers equipment and services via 11 manufacturing and distribution centers throughout the Middle East/North Africa (MENA) and Southeast Asia regions.

Roth Capital Initiates Coverage of OMS Energy Technologies (OMSE) Stock with a Buy

A drilling rig pumping oil and gas from a well in Latin America.

As per the firm, the Saudi Aramco contract demonstrates the company’s capabilities. Roth/MKM also highlighted that OMS Energy Technologies Inc. (NASDAQ:OMSE)’s facilities, as well as its extensive product catalogue, remain well-positioned to leverage strategic investments in the regions. After the IPO, the company remains focused on accelerating its growth, aided by healthy operational capabilities as well as a commitment to engineering excellence. OMS Energy Technologies Inc. (NASDAQ:OMSE) is targeting deepening of the long-standing customer relationships and has been investing in advanced manufacturing and R&D to fuel innovation, efficiency, and sustainable growth. The average price target on the company’s stock is $10.

OMS Energy Technologies Inc. (NASDAQ:OMSE) has a solid base of long-term contracts and longstanding relationships across global and local oil companies, drilling contractors, E&P, and oilfield service providers.

While we acknowledge the potential of OMSE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OMSE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.