Omega Protein Corp. Upgraded to “Outperform” at Zacks (OME)
Omega Protein Corp. (NYSE:OME) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a $10.70 price target on the stock. Zacks‘ price objective indicates a potential upside of 10.88% from the stock’s previous close.
Shares of Omega Protein Corp. (NYSE:OME) traded down 0.88% on Wednesday, hitting $9.565. 49,598 shares of the company’s stock traded hands. Omega Protein Corp. has a one year low of $5.88 and a one year high of $11.21. The stock has a 50-day moving average of $9.41 and a 200-day moving average of $9.76. The company has a market cap of $197.3 million and a P/E ratio of 30.54.
Omega Protein Corp. (NYSE:OME) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.05. The company had revenue of $41.77 million for the quarter, compared to the consensus estimate of $50.93 million. On average, analysts predict that Omega Protein Corp. will post $0.94 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on OME. Analysts at Standpoint Research initiated coverage on shares of Omega Protein Corp. (NYSE:OME) in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $12.50 price target on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Omega Protein Corp. (NYSE:OME) in a research note to investors on Friday, July 26th. They set an “outperform” rating and a $15.00 price target on the stock. Finally, analysts at Sidoti downgraded shares of Omega Protein Corp. (NYSE:OME) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.73.
Omega Protein Corporation is a nutritional ingredient company. The Company is a vertically integrated producer of Omega-3 fish oil and specialty fish meal products.
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