Omega Protein Corp. (OME) Sets New 52-Week High at $25.71
Omega Protein Corp. (NYSE:OME) shares 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. The stock had previously closed at $25.16.
Several research analysts recently weighed in on OME shares. Zacks Investment Research raised 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. Wunderlich lowered shares of Omega Protein Corp. from a “buy” rating to a “hold” rating and lifted their price objective for the stock 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 stock a “neutral” rating in a research note on Thursday, August 4th. Finally, Pivotal Research lifted their price objective on shares of Omega Protein Corp. from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $25.65.
The company has a 50 day moving average of $23.68 and a 200 day moving average of $20.38. The company has a market cap of $572.32 million and a PE ratio of 18.95.
Omega Protein Corp. (NYSE:OME) last issued its earnings results on Wednesday, August 3rd. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.14. The business had revenue of $112.65 million for the quarter, compared to analyst estimates of $99.12 million. During the same period in the previous year, the firm posted $0.43 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. Analysts anticipate 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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