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.

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