Omega Protein Corp. (OME) Stock Rating Upgraded by Zacks Investment Research
Omega Protein Corp. (NYSE:OME) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
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) “
Several other equities analysts have also recently issued reports on OME. Pivotal Research boosted their price objective on Omega Protein Corp. from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. DA Davidson boosted their price objective on Omega Protein Corp. from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Finally, Wunderlich cut Omega Protein Corp. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $22.00 to $26.00 in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.65.
Omega Protein Corp. (NYSE:OME) opened at 22.10 on Wednesday. The company’s 50-day moving average price is $22.99 and its 200-day moving average price is $21.91. The company has a market capitalization of $495.86 million, a price-to-earnings ratio of 15.85 and a beta of 0.45. Omega Protein Corp. has a 52 week low of $14.58 and a 52 week high of $26.00.
Omega Protein Corp. (NYSE:OME) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.14. Omega Protein Corp. had a return on equity of 14.39% and a net margin of 8.11%. The company earned $108.80 million during the quarter, compared to analysts’ expectations of $114.43 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. Equities analysts forecast that Omega Protein Corp. will post $1.99 earnings per share for the current fiscal year.
In related news, insider Mark Edward Griffin sold 75,000 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $25.12, for a total value of $1,884,000.00. Following the completion of the transaction, the insider now owns 149,891 shares of the company’s stock, valued at approximately $3,765,261.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary L. Allee sold 11,200 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $24.34, for a total value of $272,608.00. Following the completion of the transaction, the director now directly owns 46,101 shares of the company’s stock, valued at approximately $1,122,098.34. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in OME. DUPONT CAPITAL MANAGEMENT Corp boosted its position in Omega Protein Corp. by 62.6% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 54,140 shares of the company’s stock worth $1,082,000 after buying an additional 20,836 shares during the last quarter. New Amsterdam Partners LLC NY acquired a new position in Omega Protein Corp. during the second quarter worth $2,822,000. Capital Fund Management S.A. acquired a new position in Omega Protein Corp. during the second quarter worth $458,000. American Century Companies Inc. boosted its position in Omega Protein Corp. by 1.9% in the second quarter. American Century Companies Inc. now owns 262,954 shares of the company’s stock worth $5,256,000 after buying an additional 4,923 shares during the last quarter. Finally, Strs Ohio boosted its position in Omega Protein Corp. by 6.8% in the second quarter. Strs Ohio now owns 35,900 shares of the company’s stock worth $717,000 after buying an additional 2,300 shares during the last quarter. 86.43% of the stock is owned by institutional investors.
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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