Wunderlich Downgrades Omega Protein Corporation to Hold

Brokerage firm Wunderlich Downgrades its rating on Omega Protein Corporation(NYSE:OME). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Wunderlich was issued on Aug 5, 2016.

Omega Protein Corporation (OME) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.04% at a volume of 1,46,626. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.46. The peak price level was also seen at $24.46 while the days lowest was $24.085. Finally the shares closed at $24.38. The 52-week high of the shares is $25.65 while the 52-week low is $14.58. According to the latest information available, the market cap of the company is $544 M.

Omega Protein Corporation(OME) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $112.65M. Analysts had an estimated revenue of $99.12M. Earnings per share were $0.62. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Dec 8, 2015, Andrew Johannesen (Exec VP and CFO) sold 5,298 shares at $23.47 per share price.Also, On Nov 12, 2015, Mark Edward Griffin (President – Animal Nutrition) sold 29,561 shares at $21.83 per share price.On Aug 12, 2015, John D Held (Exec VP, General Counsel & Sec) sold 37,700 shares at $16.78 per share price, according to the Form-4 filing with the securities and exchange commission.

Omega Protein Corporation is a nutritional product company. The Company operates through two segments: animal nutrition and human nutrition. The animal nutrition segment consists primarily of two subsidiaries: Omega Protein Inc. (Omega Protein) and Omega Shipyard Inc. (Omega Shipyard). Omega Protein the principal operating subsidiary produces animal nutrition products and operates in the menhaden harvesting and processing business. Omega Shipyard owns and operates a 49.4 acre shipyard facility in Moss Point Mississippi. The human nutrition segment has three primary product lines: dairy protein products specialty oils and fatty acids and other nutraceutical ingredients. The human nutrition business consists of Nutegrity a division of the Company consisting of three subsidiaries: Cyvex Nutrition Inc. (Cyvex) InCon Processing L.L.C. (InCon) and Wisconsin Specialty Protein L.L.C. (WSP) and Bioriginal Food & Science Corp. (Bioriginal).

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