Omega Protein Corp. (OME) Shares Down 2.1%
Omega Protein Corp. (NYSE:OME) was down 2.1% during trading on Thursday . The company traded as low as $24.20 and last traded at $24.60, with a volume of 266,188 shares traded. The stock had previously closed at $25.12.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Omega Protein Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Thursday, July 28th. Wunderlich lowered Omega Protein Corp. from a “buy” rating to a “hold” rating and lifted their target price for the company from $22.00 to $26.00 in a research report on Friday, August 5th. DA Davidson lifted their target price on Omega Protein Corp. from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Finally, Pivotal Research lifted their target price on Omega Protein Corp. from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $24.54.
The company has a market capitalization of $545.17 million and a PE ratio of 18.05. The firm’s 50-day moving average price is $21.57 and its 200-day moving average price is $20.00.
Omega Protein Corp. (NYSE:OME) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. The company earned $112.65 million during the quarter, compared to the consensus estimate of $99.12 million. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Analysts predict that Omega Protein Corp. will post $2.03 EPS for the current year.
A hedge fund recently raised its stake in Omega Protein Corp. stock. California Public Employees Retirement System increased its position in shares of Omega Protein Corp. (NYSE:OME) by 26.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 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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