Omega Protein Corp. (OME) Shares Up 1.7%
Omega Protein Corp. (NYSE:OME)’s share price shot up 1.7% on Wednesday . The company traded as high as $25.20 and last traded at $25.12, with a volume of 112,565 shares. The stock had previously closed at $24.71.
A number of research firms have weighed in on OME. Wunderlich cut Omega Protein Corp. from a “buy” rating to a “hold” rating and upped their price target for the stock from $22.00 to $26.00 in a report on Friday, August 5th. DA Davidson upped their price target on 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 upped their price target on 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 Omega Protein Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $25.65.
The stock’s 50-day moving average price is $22.83 and its 200 day moving average price is $20.19. The firm has a market cap of $558.75 million and a P/E ratio of 18.50.
Omega Protein Corp. (NYSE:OME) last announced 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 period in the prior year, the company posted $0.43 earnings per share. The business earned $112.65 million during the quarter, compared to analysts’ expectations of $99.12 million. The firm’s revenue was up 20.9% on a year-over-year basis. On average, equities research analysts anticipate that Omega Protein Corp. will post $2.03 earnings per share for the current year.
An institutional investor recently raised its position in Omega Protein Corp. stock. California Public Employees Retirement System boosted its position in Omega Protein Corp. (NYSE:OME) by 26.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 0.53% of Omega Protein Corp. worth $2,642,000 as of its most recent filing with the SEC.
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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