Omega Protein Corp. (OME) Trading 1.7% Higher
Shares of Omega Protein Corp. (NYSE:OME) traded up 1.7% during mid-day trading on Wednesday . The company traded as high as $25.20 and last traded at $25.12, with a volume of 112,565 shares changing hands. The stock had previously closed at $24.71.
A number of analysts have recently issued reports on the stock. Wunderlich lowered shares of Omega Protein Corp. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $22.00 to $26.00 in a research note on Friday, August 5th. DA Davidson lifted 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 note on Thursday, August 4th. Pivotal Research lifted 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 note 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 price objective on the stock in a research note on Thursday, July 28th. Four 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.65.
The company has a market capitalization of $556.75 million and a price-to-earnings ratio of 18.44. The stock has a 50 day moving average price of $22.97 and a 200 day moving average price of $20.23.
Omega Protein Corp. (NYSE:OME) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.14. The company earned $112.65 million during the quarter, compared to analyst estimates of $99.12 million. During the same period in the prior year, the firm earned $0.43 earnings per share. Omega Protein Corp.’s revenue was up 20.9% on a year-over-year basis. Equities research analysts expect that Omega Protein Corp. will post $2.03 EPS for the current year.
An institutional investor recently raised its position in Omega Protein Corp. stock. California Public Employees Retirement System raised 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 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 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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