UPDATE: Imperial Capital Initiates Omega Protein with Outperform on Attractive Market Position

In a report published Friday, Imperial Capital analyst Mitchell B. Pinheiro initiated coverage on

with an Outperform rating and $15.00 price target. In the report, Imperial Capital noted, “We are initiating coverage of Omega Protein Corporation (OME) with an Outperform rating and a one-year price target of $15, about 70% above the recent closing price of the shares. As a leading U.S. supplier of fish meal and fish oil (Omega-3s), we believe OME is attractively positioned to benefit from continued above-average global demand for protein-rich animal feeds and Omega-3 fish oil used in nutrition supplements and as additives in other human food and pet food products.” Omega Protein Corporation closed on Thursday at $8.84.