Omega Protein (OME) and CVR Energy (CVI) - Zacks #1 Rank Top Performers
June 21 2011 - 8:00PM
Zacks
You've probably heard that fish oil is good for you. While not
exactly the most attractive thing to think about, it can apparently
help to treat a variety of maladies from heart issues to mental
problems to aging.
But on Wednesday, it would also have been pretty good for your
portfolio. Omega Protein Corporation (OME), the country's
leading producer of fish oil and specialty fish meal products, was
one of the top-performing Zacks #1 Rank companies with a gain of
3.86%.
Volume surpassed 300,000 shares on the day, compared to the
daily average of practically 160,000.
OME is expected to earn $1.22 per share this year, according to
the Zacks Consensus Estimate. The two analysts covering this
company have been sitting still for the past 30 days, but the
guidance is up 6% from 2 months ago.
As for 2012, the Zacks Consensus Estimate of $1.33 suggests
year-over-year growth of 9%. This outlook has raised 6.4% in 2
months.
First-quarter earnings per share for OME actually missed the
Zacks Consensus Estimate, but marked a solid improvement on a
year-over-year basis. Plus, revenues soared 75% to $56.4
million.
Omega Protein Corporation is a nutrition and wellness company
dedicated to delivering healthy products to the animal, human and
plant nutrition industries.
It is part of the food – miscellaneous/diversified industry.
There are two other names from this space on today's Zacks #1 Rank
List: BRF – Brasil Foods S.A. (BRFS) and Corn Products
International, Inc. (CPO).
"Energy" was something that the market sure did run out of on
Wednesday, especially as the Fed announced that it will continue to
sit on the sidelines.
Nevertheless, an energy stock was on of the top-performing Zacks
#1 Rank companies today. Shares of CVR Energy, Inc. (CVI)
gained approximately 3.6%, as volume soared past 4.7 million from
the daily average of around 2.5 million.
The spark probably stems from higher oil prices, due to demand
for crude improving more than was anticipated.
CVR Energy is a refiner and marketer of petroleum fuels and a
majority owner of a nitrogen fertilizer products manufacturer. It
is one of only two companies from the oil refining and marketing
industry on today's Zacks #1 Rank List. The other name from the
space is Delek US Holdings, Inc. (DK).
The Zacks Consensus Estimate for this year is currently $2.77
per share, which is up 14% in the past 30 days. That guidance has
also improved by 34% over the past 3 months. As for 2012, the Zacks
Consensus Estimate of $2.48 per share has actually moved lower in
the past 7 days, but remains above levels from a month and 90 days
ago.
By the way, THE top-performing Zacks #1 Rank company on
Wednesday was TravelCenters of America LLC (TA), which
gained 5.7%.
TA's travel centers operate under the "TravelCenters of
America", "TA" and "Petro" brand names and offer diesel and
gasoline fueling services, restaurants, truck repair facilities,
stores and other services. Its nationwide business includes travel
centers located in 41 U.S. states and in Canada.
BRF-BRASIL FOOD (BRFS): Free Stock Analysis Report
CORN PROD INTL (CPO): Free Stock Analysis Report
CVR ENERGY INC (CVI): Free Stock Analysis Report
DELEK US HLDGS (DK): Free Stock Analysis Report
OMEGA PROTEIN (OME): Free Stock Analysis Report
TRAVELCENTERS (TA): Free Stock Analysis Report
Zacks Investment Research
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