New Lifetime High Today: Omega Protein (OME)

Trade-Ideas LLC identified Omega Protein (OME) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Omega Protein

(

OME

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Omega Protein as such a stock due to the following factors:

  • OME has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.4 million.
  • OME has traded 300 shares today.
  • OME is trading at a new lifetime high.

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More details on OME:

Omega Protein Corporation develops, produces, and delivers healthy products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds worldwide. It operates in two segments, Animal Nutrition and Human Nutrition. OME has a PE ratio of 19. Currently there is 1 analyst that rates Omega Protein a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Omega Protein has been 251,100 shares per day over the past 30 days. Omega Protein has a market cap of $459.3 million and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.57 and a short float of 3.8% with 1.61 days to cover. Shares are up 102.9% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Omega Protein as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 3.3%. Since the same quarter one year prior, revenues rose by 29.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Powered by its strong earnings growth of 29.03% and other important driving factors, this stock has surged by 39.15% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, OME should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • OMEGA PROTEIN CORP has improved earnings per share by 29.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, OMEGA PROTEIN CORP reported lower earnings of $0.86 versus $1.45 in the prior year. This year, the market expects an improvement in earnings ($1.50 versus $0.86).
  • OME's debt-to-equity ratio is very low at 0.21 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.97 is somewhat weak and could be cause for future problems.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Food Products industry average, but is greater than that of the S&P 500. The net income increased by 32.7% when compared to the same quarter one year prior, rising from $6.63 million to $8.80 million.

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