The stock of Omega Protein Corporation (NYSE:OME) is a huge mover today! The stock increased 2.76% or $0.6 during the last trading session, hitting $22.3. About 159,390 shares traded hands or 6.16% up from the average. Omega Protein Corporation (NYSE:OME) has risen 26.97% since March 29, 2016 and is uptrending. It has outperformed by 23.50% the S&P500.
The move comes after 5 months positive chart setup for the $496.26 million company. It was reported on Oct, 31 by Barchart.com. We have $54.19 PT which if reached, will make NYSE:OME worth $709.65M more.
Analysts await Omega Protein Corporation (NYSE:OME) to report earnings on November, 2. They expect $0.62 EPS, down 6.06% or $0.04 from last year’s $0.66 per share. OME’s profit will be $13.80 million for 8.99 P/E if the $0.62 EPS becomes a reality. After $0.62 actual EPS reported by Omega Protein Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Omega Protein Corporation (NYSE:OME) Ratings Coverage
Out of 5 analysts covering Omega Protein (NYSE:OME), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Omega Protein has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was initiated by BB&T Capital on Tuesday, September 1 with “Hold”. The rating was upgraded by Pivotal Research on Wednesday, January 20 to “Buy”. As per Monday, December 14, the company rating was downgraded by DA Davidson. Wunderlich downgraded the shares of OME in a report on Friday, August 5 to “Hold” rating. The stock has “Buy” rating given by Wunderlich on Thursday, April 28. The stock of Omega Protein Corporation (NYSE:OME) earned “In-Line” rating by Imperial Capital on Tuesday, August 11. The firm has “Buy” rating by DA Davidson given on Tuesday, September 29. On Tuesday, October 20 the stock rating was downgraded by Pivotal Research to “Hold”.
According to Zacks Investment Research, “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)”
Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.38, from 1.17 in 2016Q1. The ratio dived, as 20 funds sold all Omega Protein Corporation shares owned while 53 reduced positions. 21 funds bought stakes while 37 increased positions. They now own 18.76 million shares or 2.54% less from 19.25 million shares in 2016Q1.
Barclays Public Ltd Co accumulated 31,884 shares or 0% of the stock. Ladenburg Thalmann Financial Serv has invested 0% of its portfolio in Omega Protein Corporation (NYSE:OME). Hillsdale Inv Mgmt last reported 0.11% of its portfolio in the stock. Smithfield Tru holds 0% of its portfolio in Omega Protein Corporation (NYSE:OME) for 790 shares. Envestnet Asset Management reported 6,078 shares or 0% of all its holdings. D E Shaw last reported 142,620 shares in the company. Geode Capital Mgmt Ltd Liability last reported 0% of its portfolio in the stock. Qs Investors Ltd Liability Co last reported 116,808 shares in the company. Bancorp Of America De reported 82,674 shares or 0% of all its holdings. Blackrock Advsrs Lc holds 0% of its portfolio in Omega Protein Corporation (NYSE:OME) for 10,876 shares. Moreover, Morgan Stanley has 0% invested in Omega Protein Corporation (NYSE:OME) for 22,427 shares. Lsv Asset Mngmt holds 0.05% or 1.19 million shares in its portfolio. Symons Capital last reported 27,020 shares in the company. Origin Asset Management Llp reported 11,062 shares or 0.01% of all its holdings. First Quadrant Lp Ca has 2,300 shares for 0% of their US portfolio.
Insider Transactions: Since September 8, 2016, the stock had 0 insider purchases, and 3 selling transactions for $2.59 million net activity. 75,000 shares were sold by Griffin Mark Edward, worth $1.88 million on Monday, September 12. Shares for $272,552 were sold by ALLEE GARY L on Thursday, September 22. On Thursday, September 8 the insider Johannesen Andrew sold $436,900.
More notable recent Omega Protein Corporation (NYSE:OME) news were published by: Fool.com which released: “Why Omega Protein Corporation Shares Crashed Today” on March 10, 2016, also Marketwatch.com with their article: “Omega Protein Corp.” published on September 11, 2009, Prnewswire.com published: “Omega Protein Announces Review of Strategic Alternatives” on September 25, 2015. More interesting news about Omega Protein Corporation (NYSE:OME) were released by: Prnewswire.com and their article: “Proxy Advisor Glass Lewis Recommends That Omega Protein Stockholders Vote For …” published on June 17, 2016 as well as Prnewswire.com‘s news article titled: “Wynnefield Capital Compelled to Sue Omega Protein For Failure to Make …” with publication date: June 06, 2016.
OME Company Profile
Omega Protein Corporation, incorporated on January 23, 1998, is a nutritional products firm that develops, produces and delivers nutritious products across the world. The Firm operates through two divisions: animal nutrition and human nutrition. Omega Protein, Inc. (Omega Protein), the Company’s principal operating subsidiary, produces animal nutrition products and operates in the menhaden harvesting and processing business. Omega Protein operates approximately three menhaden processing plants in the states of Louisiana, Mississippi and Virginia. The Firm also operates a Health and Science Center in Reedville, Virginia, which provides 100-metric tons per day of fish oil input capacity for the Company’s food, industrial and feed grade oils. A portion of Omega Protein’s production is transferred to its human nutrition segment. Omega Shipyard, Inc. (Omega Shipyard) owns and operates a dry dock facility in Moss Point, Mississippi that is used to provide shore side maintenance for Omega Protein’s fishing fleet.
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