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Omega Protein Corporation Announces Quarterly Dividend of $0.05 (OME)
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Omega Protein Corporation (OME) traded down 2.16% during mid-day trading on Wednesday, reaching $15.85. The company’s stock had a trading volume of 15,282 shares. The company has a market cap of $355.67 million, a PE ratio of 11.66 and a beta of 0.21. The firm’s 50 day moving average is $16.90 and its 200-day moving average is $20.02. Omega Protein Corporation has a 12-month low of $15.75 and a 12-month high of $26.99.
Omega Protein Corporation (NYSE:OME) last released its earnings results on Monday, May 8th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 12.68% and a net margin of 8.06%. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. Equities analysts anticipate that Omega Protein Corporation will post $1.09 earnings per share for the current fiscal year.
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Several research firms have recently weighed in on OME. Pivotal Research decreased their target price on Omega Protein Corporation from $18.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, July 7th. ValuEngine downgraded Omega Protein Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded Omega Protein Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Omega Protein Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $23.75.
Omega Protein Corporation Company Profile
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).