Omega Protein Corp. (OME) Downgraded to “Hold” at Zacks Investment Research
According to Zacks, “Omega Protein Corporation, headquartered in Houston, is one of the nation’s leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications. (Company Press Release) “
OME has been the topic of a number of other reports. Pivotal Research upped their target price on Omega Protein Corp. from $25.00 to $30.00 and gave the stock a buy rating in a research report on Tuesday, August 2nd. Wunderlich lowered Omega Protein Corp. from a buy rating to a hold rating and upped their target price for the stock from $22.00 to $26.00 in a research report on Friday, August 5th. Finally, DA Davidson upped their target price on Omega Protein Corp. from $20.00 to $26.00 and gave the stock a neutral rating in a research report on Thursday, August 4th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Omega Protein Corp. has a consensus rating of Hold and an average price target of $25.65.
Omega Protein Corp. (NYSE:OME) traded down 1.1490% during trading on Wednesday, reaching $23.2201. 3,416 shares of the company’s stock were exchanged. Omega Protein Corp. has a 12 month low of $14.58 and a 12 month high of $26.00. The firm’s 50-day moving average price is $24.45 and its 200-day moving average price is $21.10. The firm has a market cap of $517.92 million, a price-to-earnings ratio of 19.0485 and a beta of 0.62.
Omega Protein Corp. (NYSE:OME) last issued its earnings results on Wednesday, August 3rd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.14. Omega Protein Corp. had a return on equity of 14.70% and a net margin of 7.03%. The company had revenue of $112.65 million for 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 for the quarter was up 20.9% on a year-over-year basis. On average, equities research analysts anticipate that Omega Protein Corp. will post $2.03 EPS for the current year.
In other news, Director Gary L. Allee sold 11,200 shares of Omega Protein Corp. stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $24.34, for a total transaction of $272,608.00. Following the completion of the sale, the director now owns 46,101 shares in the company, valued at approximately $1,122,098.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Edward Griffin sold 75,000 shares of Omega Protein Corp. stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $25.12, for a total value of $1,884,000.00. Following the sale, the insider now owns 149,891 shares of the company’s stock, valued at approximately $3,765,261.92. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Menta Capital LLC acquired a new stake in shares of Omega Protein Corp. during the first quarter worth about $191,000. BlackRock Advisors LLC increased its stake in shares of Omega Protein Corp. by 1.3% in the second quarter. BlackRock Advisors LLC now owns 10,876 shares of the company’s stock worth $217,000 after buying an additional 136 shares during the period. Origin Asset Management LLP acquired a new stake in shares of Omega Protein Corp. during the second quarter worth about $221,000. State Board of Administration of Florida Retirement System increased its stake in shares of Omega Protein Corp. by 6.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 13,700 shares of the company’s stock worth $274,000 after buying an additional 813 shares during the period. Finally, Princeton Alpha Management LP acquired a new stake in shares of Omega Protein Corp. during the second quarter worth about $289,000. Hedge funds and other institutional investors own 86.85% of the company’s stock.
About Omega Protein Corp.
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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