Omagine, Inc. (OMAGQ) Stock Price & Analysis
Educational signal · not a buy or sell recommendation · How to read this
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.5-flash, generated Jun 15, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerOmagine, Inc. (OMAGQ) trades at $0.0001. Omagine, Inc. is a real estate development firm specializing in entertainment, hospitality, and residential projects primarily across the Middle East and North Africa. Sector: Real estate.
Price as of · Last analyzed: Jun 15, 2026Analyst Coverage for OMAGQ: OMAGQ does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
No score published: we hold no usable price for this ticker, and a grade beside a missing price says nothing.
Omagine, Inc. (OMAGQ) Real Estate Portfolio & Strategy
Omagine, Inc. is a New York-incorporated real estate developer focused on integrated tourism and residential projects in the Middle East and North Africa. The company is currently navigating a Chapter 11 bankruptcy reorganization, which commenced in March 2020, and trades on the OTC Other tier with limited disclosure.
What Is the Investment Thesis for OMAGQ?
Omagine, Inc. operates within the real estate development sector, historically focusing on large-scale entertainment and hospitality projects in the Middle East and North Africa. The company filed for Chapter 11 bankruptcy protection in March 2020, which significantly impacts its operational capacity and financial standing. Key considerations for investors include the ongoing bankruptcy reorganization process, the potential for asset recovery or restructuring, and the inherent volatility associated with OTC-listed securities. The firm's historical focus on integrated tourism projects in a growing regional market represents a long-term strategic asset, contingent upon successful emergence from bankruptcy and securing new capital. The current market capitalization of $0.00B reflects its distressed state, with any future value creation tied directly to the outcome of its legal and financial restructuring. The company's small employee base of 5 suggests a highly streamlined or significantly reduced operational footprint.
Based on FMP financials and quantitative analysis
OMAGQ Key Highlights
Filed for Chapter 11 bankruptcy protection on March 10, 2020, indicating a significant financial restructuring process.
- Specializes in the design, execution, and construction of integrated tourism and residential real estate projects.
- Primary geographic focus for development activities is the Middle East and North Africa region.
- Operates with a lean team of 5 employees, suggesting a minimal active development footprint currently.
- Trades on the OTC Other tier, which is characterized by limited public disclosure and higher investment risk.
Who Are OMAGQ's Competitors?
OMAGQ is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| RENX RenX Enterprises Corp. | $2.00 | -5.90% | $5.28M | — |
| MRNO Murano Global Investments PLC Ordinary Shares | $0.27 | -11.08% | $21.4M | 31 5-pillar |
| AEI Alset Inc. | $0.74 | -1.41% | $28.8M | — |
| SDHC Smith Douglas Homes Corp. | $10.08 | -0.59% | $84.1M | 75 5-pillar |
| AXR AMREP Corporation | $21.54 | -1.78% | $114M | 54 5-pillar |
| OZ Belpointe PREP, LLC | $40.90 | -1.26% | $159M | — |
| AMBR Amber International Holding Limited | $1.81 | -4.23% | $170M | 33 5-pillar |
| ARL American Realty Investors, Inc. | $16.04 | -4.07% | $259M | 44 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are OMAGQ's Key Strengths?
Historical specialization in integrated tourism and residential real estate projects.
- Established focus and experience within the Middle East and North Africa region.
- Incorporated in 2004, indicating a history of operations in the sector.
- Lean operational structure with 5 employees, potentially allowing for agility post-restructuring.
What Are OMAGQ's Weaknesses?
Currently undergoing Chapter 11 bankruptcy reorganization, indicating significant financial distress.
- Market capitalization of $0.00B reflects a highly distressed valuation.
- Limited public disclosure as an OTC Other tier stock, hindering investor transparency.
- Small employee base of 5 suggests severely limited operational capacity for new projects.
What Are the Key Risks for OMAGQ?
Financial-distress signal — its Altman Z-Score of 0.72 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-0.7%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- The Chapter 11 bankruptcy proceedings pose a significant ongoing risk, with potential outcomes ranging from successful reorganization to liquidation, which could result in minimal or no recovery for current shareholders.
- The company's status on the OTC Other tier, coupled with unknown disclosure status, presents ongoing risks related to extreme illiquidity, high volatility, and limited access to reliable financial information.
- Further dilution of existing shareholder value could occur if new equity is issued as part of a reorganization plan to satisfy creditors or raise new capital.
- Inability to secure new financing or strategic partners post-bankruptcy could prevent the company from resuming its core real estate development activities.
- The highly competitive nature of the real estate development market, particularly in the MENA region, presents a long-term challenge should Omagine, Inc. attempt to re-establish its operational footprint.
What Threats Does OMAGQ Face?
- Uncertainty regarding the outcome and duration of the Chapter 11 bankruptcy proceedings.
- Intense competition from well-capitalized developers in the MENA real estate market.
- High volatility and illiquidity associated with OTC Other tier stocks.
- Potential for further dilution or asset sales during the bankruptcy process.
What Are OMAGQ's Competitive Advantages?
- Historical regional expertise and relationships in the Middle East and North Africa for complex development projects.
- Specialization in large-scale, integrated tourism and residential developments, a niche requiring significant capital and expertise.
- Potential for unique land holdings or development rights in strategic MENA locations, if retained post-bankruptcy.
- Experience in navigating the regulatory and cultural landscapes of specific MENA markets.
What Does OMAGQ Do?
Omagine, Inc., established in New York, New York, and incorporated in 2004, operates through its various subsidiary entities, concentrating its business endeavors on entertainment, hospitality, and property development. The firm's primary geographic focus is the Middle East and North Africa, where it specializes in the design, execution, and construction of integrated tourism and residential real estate projects. Historically, Omagine aimed to develop large-scale destinations that combine leisure, accommodation, and residential components, leveraging its expertise in complex project management and regional market understanding. However, on March 10, 2020, the company, along with a related affiliate, sought protection and initiated a voluntary reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. This filing marked a significant turning point, shifting the company's immediate focus from active development to financial restructuring and asset management. Despite its current state, Omagine's historical business model was centered on identifying strategic locations, securing development rights, and orchestrating the multi-faceted process of bringing large-scale real estate visions to fruition in high-growth tourism markets. The company's operational footprint and strategic direction are currently subject to the outcomes of its ongoing bankruptcy proceedings.
What Products and Services Does OMAGQ Offer?
- Designs integrated tourism projects, combining hospitality, entertainment, and residential components.
- Executes and constructs large-scale real estate developments.
- Focuses primarily on property development in the Middle East and North Africa region.
- Specializes in creating comprehensive entertainment and hospitality destinations.
- Operates through various subsidiary entities to manage diverse projects.
- Was incorporated in 2004, establishing its presence in the real estate sector.
- Currently undergoing Chapter 11 bankruptcy reorganization, impacting active development.
How Does OMAGQ Make Money?
- Historically generated revenue through the development and sale of real estate properties, including residential units and commercial spaces within integrated resorts.
- Aimed to profit from the appreciation of land value and the successful completion and operation of hospitality and entertainment assets.
- Relied on securing financing for large-scale projects, often through a combination of equity, debt, and pre-sales.
- Currently, the business model is centered on the Chapter 11 reorganization process, focusing on asset management and liability resolution.
What Industry Does OMAGQ Operate In?
Omagine, Inc. operates within the Real Estate - Development industry, a capital-intensive sector characterized by long project cycles, significant regulatory hurdles, and sensitivity to economic conditions. The company's historical focus on the Middle East and North Africa positions it within a region that has seen substantial investment in tourism and infrastructure development, driven by government initiatives to diversify economies. However, Omagine's current status under Chapter 11 bankruptcy places it in a distressed category, distinct from actively developing peers. While the broader real estate development market, particularly in MENA, continues to present opportunities for large-scale projects, Omagine's ability to participate or compete is currently constrained by its financial restructuring. Its market capitalization of $0.00B underscores its current position outside of the mainstream competitive landscape, where established developers typically command significant resources and project pipelines.
Who Are OMAGQ's Key Customers?
- Historically targeted international and regional tourists for its entertainment and hospitality offerings.
- Aimed to attract residential buyers for its integrated housing components within developed resorts.
- Potential future customers could include strategic partners or investors interested in acquiring assets post-bankruptcy.
- Governments and tourism authorities in the MENA region were key stakeholders for project approvals and strategic alignment.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● No usable price
- ● No filing on record
- ● No analyst coverage
Financial Health
Omagine, Inc.'s Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 0.72 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for Omagine, Inc. stands at -0.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -0.4%, showing how much profit it generates from its asset base.
Company Profile
Omagine, Inc. operates in the Real Estate - Development industry within the Real Estate sector. It is headquartered in New York City, US. The company is led by CEO Frank J. Drohan. OMAGQ has traded publicly since 1996.
OMAGQ Financials
OMAGQ Latest News
No recent news available for OMAGQ.
OMAGQ Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for OMAGQ.
Price Targets
Wall Street price target analysis for OMAGQ.
OMAGQ MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for OMAGQ; grades run from A+ (80-100) to F (below 30).
Leadership: Frank J. Drohan
Chief Executive Officer
Frank J. Drohan serves as the Chief Executive Officer of Omagine, Inc., leading a team of 5 employees. His role involves overseeing the company's strategic direction and operations, particularly in its focus areas of entertainment, hospitality, and property development. Given Omagine's current status, Mr. Drohan's responsibilities likely include managing the Chapter 11 reorganization process, engaging with creditors, and exploring potential pathways for the company's future. His background is integral to guiding the company through its current financial challenges and any subsequent restructuring efforts.
Track Record: Under Frank J. Drohan's leadership, Omagine, Inc. has navigated the complex environment of large-scale real estate development in the Middle East and North Africa. A significant event during his tenure was the initiation of voluntary reorganization under Chapter 11 in March 2020. His current focus is on managing the company through this critical period, aiming to preserve value and explore options for its future, consistent with the interests of stakeholders involved in the bankruptcy proceedings.
OMAGQ OTC Market Information
Omagine, Inc. trades on the OTC Other tier, which is the lowest and most speculative tier of the OTC Markets Group. Unlike stocks listed on major exchanges like NYSE or NASDAQ, which have stringent listing requirements regarding financial health, public float, and corporate governance, OTC Other stocks face minimal to no reporting standards. This tier typically includes companies with limited public information, those in financial distress, or those that have failed to meet the disclosure requirements of higher OTC tiers. Investors in OTC Other stocks often face significant challenges in obtaining reliable and timely financial data, making due diligence particularly difficult.
- OTC Tier: OTC Other
- Limited public disclosure and transparency, making it difficult for investors to obtain current and reliable financial information.
- High price volatility and illiquidity due to low trading volume and wide bid-ask spreads.
- Significant risk of delisting or further decline in value given the ongoing Chapter 11 bankruptcy proceedings.
- Lack of regulatory oversight compared to major exchanges, offering fewer protections for investors.
- Potential for fraud or manipulation due to the less regulated nature of the OTC market.
- Verify the current status and details of the Chapter 11 bankruptcy proceedings through court filings.
- Research any available financial statements or disclosures, however limited, to assess asset base and liabilities.
- Investigate any news or press releases from the company regarding its restructuring plan or future operations.
- Assess the trading volume and bid-ask spread to understand potential liquidity challenges.
- Examine the company's historical business model and any remaining assets or intellectual property.
- Consider the potential for dilution from new share issuances as part of a reorganization plan.
- Consult legal and financial advisors experienced in distressed securities and bankruptcy.
- Incorporated in 2004, indicating a historical corporate existence.
- Has a named CEO, Frank J. Drohan, providing a point of contact for leadership.
- Publicly acknowledged Chapter 11 bankruptcy filing in a U.S. Bankruptcy Court, indicating a formal legal process.
- Identified sector (Real Estate) and industry (Real Estate - Development) align with its stated business focus.
Omagine, Inc. Real Estate Stock: Key Questions Answered
What does Omagine, Inc. do?
Omagine, Inc. is a real estate development company that historically specialized in designing, executing, and constructing integrated tourism and residential real estate projects. The company was incorporated in 2004 and is based in New York.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Limited financial data available due to company's Chapter 11 status and OTC Other tier listing.
- Growth opportunities are framed as potential scenarios contingent on successful bankruptcy reorganization and future capital acquisition.
- Word count requirements for growth opportunities and FAQs were challenging given the scarcity of specific, non-speculative data for a distressed company.