Omega Protein Corp. (OME) Trading Up 2.2%
Omega Protein Corp. (NYSE:OME) was up 2.2% on Wednesday . The stock traded as high as $25.28 and last traded at $25.12, with a volume of 379,422 shares. The stock had previously closed at $24.57.
Several equities research analysts recently weighed in on OME shares. Wunderlich started coverage on shares of Omega Protein Corp. in a research report on Thursday, April 28th. They set 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 report on Wednesday, May 11th. Pivotal Research upped their price objective on shares of Omega Protein Corp. from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Finally, DA Davidson upped their price objective on shares of Omega Protein Corp. from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.54.
The company has a market capitalization of $558.97 million and a PE ratio of 18.51. The company has a 50-day moving average price of $21.42 and a 200-day moving average price of $19.97.
Omega Protein Corp. (NYSE:OME) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. During the same period last year, the business posted $0.43 EPS. The firm earned $112.65 million during the quarter, compared to analysts’ expectations of $99.12 million. The company’s revenue was up 20.9% compared to the same quarter last year. Equities analysts forecast that Omega Protein Corp. will post $2.03 EPS for the current fiscal year.
An institutional investor recently raised its position in Omega Protein Corp. stock. California Public Employees Retirement System boosted its stake in Omega Protein Corp. (NYSE:OME) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,000 shares of the company’s stock after buying an additional 24,800 shares during the period. California Public Employees Retirement System owned 0.53% of Omega Protein Corp. worth $2,642,000 at the end of the most recent 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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