Omega Protein Corp. (OME) Shares Down 2.1%
Omega Protein Corp. (NYSE:OME)’s share price traded 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. The stock had previously closed at $25.12.
Several equities research analysts have recently issued reports on the stock. Wunderlich lowered shares of Omega Protein Corp. from a “buy” rating to a “hold” rating and raised their target price for the stock from $22.00 to $26.00 in a report on Friday, August 5th. DA Davidson raised their target price on shares of Omega Protein Corp. from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Pivotal Research raised their target price on shares of Omega Protein Corp. from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Omega Protein Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Omega Protein Corp. currently has an average rating of “Buy” and an average price target of $25.65.
The company has a market capitalization of $543.84 million and a P/E ratio of 18.01. The firm’s 50 day moving average price is $21.73 and its 200 day moving average price is $20.03.
Omega Protein Corp. (NYSE:OME) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.14. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company had revenue of $112.65 million for the quarter, compared to analyst estimates of $99.12 million. The business’s revenue was up 20.9% on a year-over-year basis. Equities research analysts forecast that Omega Protein Corp. will post $2.03 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Omega Protein Corp. stock. California Public Employees Retirement System increased its position in Omega Protein Corp. (NYSE:OME) by 26.3% during the fourth quarter, according to its most recent disclosure with the 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 approximately 0.53% of Omega Protein Corp. worth $2,642,000 as of its most recent SEC filing.
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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