Omega Protein Corporation (OME) PT Lowered to $15.00 at Pivotal Research
Omega Protein Corporation (NYSE:OME) had its price target cut by analysts at Pivotal Research from $18.00 to $15.00 in a research note issued to investors on Friday. The firm presently has a “hold” rating on the stock. Pivotal Research’s target price points to a potential downside of 13.04% from the company’s previous close.
A number of other equities research analysts also recently issued reports on OME. Sidoti reissued a “neutral” rating on shares of Omega Protein Corporation in a research note on Friday, March 31st. Zacks Investment Research raised shares of Omega Protein Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, ValuEngine downgraded shares of Omega Protein Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six analysts have rated the stock with a hold rating, Omega Protein Corporation presently has a consensus rating of “Hold” and a consensus price target of $23.75.
Omega Protein Corporation (NYSE OME) traded down 0.58% during mid-day trading on Friday, reaching $17.25. 124,171 shares of the company were exchanged. The company has a market capitalization of $387.09 million, a price-to-earnings ratio of 12.69 and a beta of 0.24. Omega Protein Corporation has a 1-year low of $16.70 and a 1-year high of $26.99. The company has a 50 day moving average of $17.93 and a 200-day moving average of $21.41.
Omega Protein Corporation (NYSE:OME) last released its quarterly earnings results on Monday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $73.57 million for the quarter, compared to the consensus estimate of $68.57 million. Omega Protein Corporation had a net margin of 8.06% and a return on equity of 12.68%. The business’s revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. On average, equities research analysts forecast that Omega Protein Corporation will post $1.29 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Tuesday, May 23rd. Omega Protein Corporation’s dividend payout ratio (DPR) is 14.81%.
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Several large investors have recently added to or reduced their stakes in OME. Russell Investments Group Ltd. bought a new stake in Omega Protein Corporation during the fourth quarter worth about $3,093,000. State Street Corp increased its stake in Omega Protein Corporation by 6.7% in the fourth quarter. State Street Corp now owns 434,962 shares of the company’s stock worth $10,898,000 after buying an additional 27,378 shares during the period. Federated Investors Inc. PA increased its stake in Omega Protein Corporation by 98.6% in the fourth quarter. Federated Investors Inc. PA now owns 33,379 shares of the company’s stock worth $836,000 after buying an additional 16,573 shares during the period. Renaissance Technologies LLC increased its stake in Omega Protein Corporation by 85.7% in the fourth quarter. Renaissance Technologies LLC now owns 247,900 shares of the company’s stock worth $6,210,000 after buying an additional 114,400 shares during the period. Finally, Norges Bank bought a new stake in Omega Protein Corporation during the fourth quarter worth about $3,675,000. 87.25% of the stock is currently owned by institutional investors and hedge funds.
About Omega Protein Corporation
Omega Protein Corporation is a nutritional products company that develops, produces and delivers nutritious products. The Company operates through two segments: animal nutrition and human nutrition. The Company’s animal nutrition segment consists of two subsidiaries: Omega Protein, Inc (Omega Protein) and Omega Shipyard, Inc (Omega Shipyard).
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