Omega Protein Corp. (OME) Sets New 1-Year High at $25.71
Omega Protein Corp. (NYSE:OME) reached a new 52-week high on Friday . The stock traded as high as $25.71 and last traded at $25.66, with a volume of 127,178 shares changing hands. The stock had previously closed at $25.16.
Several research analysts have commented on the company. Pivotal Research lifted their target price on Omega Protein Corp. from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. DA Davidson lifted their target price on Omega Protein Corp. from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Zacks Investment Research raised Omega Protein Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, May 11th. Finally, Wunderlich downgraded Omega Protein Corp. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $22.00 to $26.00 in a report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $25.65.
The firm has a market cap of $572.32 million and a P/E ratio of 18.95. The stock’s 50-day moving average price is $23.74 and its 200 day moving average price is $20.42.
Omega Protein Corp. (NYSE:OME) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. The firm earned $112.65 million during the quarter, compared to the consensus estimate of $99.12 million. During the same period in the previous year, the company posted $0.43 EPS. The company’s revenue for the quarter 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.
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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