Omega Protein Corp. (OME) Sees Large Volume Increase
Shares of Omega Protein Corp. (NYSE:OME) saw strong trading volume on Thursday . 277,667 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 254,904 shares.The stock last traded at $24.45 and had previously closed at $24.38.
Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Omega Protein Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Pivotal Research boosted their price objective on shares of Omega Protein Corp. from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Wunderlich assumed coverage on shares of Omega Protein Corp. in a research report on Thursday, April 28th. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, DA Davidson boosted their price objective on shares of Omega Protein Corp. from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.65.
The company has a 50 day moving average of $22.36 and a 200 day moving average of $20.11. The firm has a market cap of $544.51 million and a PE ratio of 18.03.
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 Thomson Reuters’ consensus estimate of $0.48 by $0.14. The firm had revenue of $112.65 million for the quarter, compared to analyst estimates of $99.12 million. During the same quarter last year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. Equities analysts anticipate that Omega Protein Corp. will post $2.03 earnings per share for the current fiscal year.
A hedge fund recently raised its stake 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 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 at the end of the most recent reporting period.
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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