Omega Protein Corporation (NYSE:OME) Momentum Stock in Concentration


Omega Protein Corporation (NYSE:OME) shares are seeing unusual volume mid-trading session today.

Based on the preliminary count by Computershare Trust Company, N.A., the Depositary for the tender offer, a total of around 6.7 million common shares of the Company were properly tendered and not properly withdrawn at or below the price of $68.00 per share, the maximum cash purchase price in the price range specified in the tender offer. This indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. Omega Protein Corporation has a 1-year low of $14.50 and a 1-year high of $26.99. This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately. The Beta for the company stands at 0.25 and its Average True Range (ATR) shows a value of 0.77. Shares are now up over the past year, outperforming the broad market by -100% and underperformed a peer group of similar companies by -141%. The company had revenue of $93.90 million during the quarter, compared to analysts' expectations of $87.44 million. Shareholder rights law firm, Johnson Fistel, LLP declared that it has released an investigation into whether the board members of Omega Protein Corporation (OME) ("Omega Protein") breached their fiduciary duties in connection with the proposed sale of the Company to Cooke Inc.

Analysts are also projecting an Average Revenue Estimate for Omega Protein Corporation as $97210 in the Current Quarter. This number is calculated by dividing net income after tax by the company's total assets. Pivotal Research cut their price objective on Omega Protein Corporation from $18.00 to $15.00 and set a "hold" rating for the company in a research note on Friday, July 7th.

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The M-Score, conceived by accounting professor Messod Beneish, is a model for detecting whether a company has manipulated their earnings numbers or not. Citigroup Inc. owned 0.21% of Omega Protein Corporation worth $862,000 at the end of the most recent quarter. While for the next 5 years, the growth estimate is 8%. A stock that maintains a relatively stable price has low volatility. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. About shares traded. Devon Energy Corp (NYSE:DVN) has risen 13.24% since October 9, 2016 and is uptrending.

Price isn't the only tool analysts use to forecast future performance. A lower P/B ratio could mean that the stock is undervalued.

Omega Protein Corporation (NYSE:OME) has a market cap of $493.92 million and over the last 12 months, OME has declined by -6.37%. A low ROE warns that the company is not generating a good return on its reinvested earnings.

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08/05/2016 - Omega Protein Corporation was downgraded to "hold" by analysts at Wunderlich. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, "The Little Book that Beats the Market". Alps has invested 0% in Omega Protein Corporation (NYSE:OME).

05/12/2014 - Omega Protein Corporation was upgraded to "buy" by analysts at Sidoti. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value. Russell Investments Group Ltd. lifted its holdings in Omega Protein Corporation by 19.2% during the first quarter.

The Price Index is a ratio that indicates the return of a share price over a past period. Current price places the company's stock 21.26% away from its 200-day simple moving average, 4.11%, away from the 50-day average and also -0.41% away from 20-day average. FNSR trades with a P/S ratio of 1.76.

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11/07/2013 - Omega Protein Corporation was downgraded to "hold" by analysts at Standpoint Research. The stock exchanged hands 6.31 Million shares versus average trading capacity of 211.1 Million shares.