Omega Protein Corp. (OME) Sees Unusually-High Trading Volume
Omega Protein Corp. (NYSE:OME) shares saw unusually-high trading volume on Thursday . Approximately 277,667 shares changed 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.
OME has been the topic of a number of analyst reports. Pivotal Research raised their price objective on shares of Omega Protein Corp. from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Omega Protein Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Thursday, July 28th. DA Davidson raised their price objective on shares of Omega Protein Corp. from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Finally, Wunderlich started coverage on shares of Omega Protein Corp. in a report on Thursday, April 28th. They issued a “buy” rating and a $22.00 price objective on the stock. Four 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 stock. Omega Protein Corp. presently has a consensus rating of “Buy” and an average target price of $25.65.
The company’s 50-day moving average price is $22.49 and its 200-day moving average price is $20.13. The company has a market cap of $545.62 million and a PE ratio of 18.07.
Omega Protein Corp. (NYSE:OME) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.14. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business had revenue of $112.65 million for the quarter, compared to analysts’ expectations of $99.12 million. Omega Protein Corp.’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, analysts predict 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 raised 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. 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 about 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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