Shares of Omega Protein Corp. (NYSE:OME) traded down 1.1% during trading on Tuesday . The company traded as low as $20.64 and last traded at $20.82, with a volume of 89,500 shares changing hands. The stock had previously closed at $21.06.

A number of analysts have recently issued reports on OME shares. Wunderlich started coverage on shares of Omega Protein Corp. in a research note on Thursday, April 28th. They issued a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research raised shares of Omega Protein Corp. from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, May 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $21.88.

The company has a market capitalization of $465.51 million and a P/E ratio of 15.42. The firm’s 50-day moving average is $19.65 and its 200-day moving average is $19.70.

Omega Protein Corp. (NYSE:OME) last released its earnings results on Wednesday, May 4th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The company earned $84.84 million during the quarter, compared to analyst estimates of $84.74 million. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. Equities analysts predict that Omega Protein Corp. will post $1.71 EPS for the current fiscal year.

A number of hedge funds recently added to or reduced their stakes in OME. Engineers Gate Manager LP bought a new stake in Omega Protein Corp. during the fourth quarter worth approximately $1,173,000. American Century Companies Inc. acquired a new stake in shares of Omega Protein Corp. during the fourth quarter valued at approximately $1,847,000. California Public Employees Retirement System boosted its stake in shares of Omega Protein Corp. by 26.3% in the fourth quarter. California Public Employees Retirement System now owns 119,000 shares of the company’s stock valued at $2,642,000 after buying an additional 24,800 shares during the last quarter. Finally, Russell Frank Co boosted its stake in shares of Omega Protein Corp. by 51.6% in the fourth quarter. Russell Frank Co now owns 370,981 shares of the company’s stock valued at $8,524,000 after buying an additional 126,238 shares during the last quarter.

Omega Protein Corporation is a nutritional products company that develops, produces and delivers nutritious products across the world. The Company operates through two segments: animal nutrition and human nutrition. The Company’s animal nutrition segment consists primarily of two subsidiaries: Omega Protein, Inc (Omega Protein) and Omega Shipyard, Inc (Omega Shipyard).

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