What’s Fueling Investor Confidence? – Omega Healthcare Investors Inc. (OHI), Canadian Natural Resources Limited (CNQ)

You should consider shares of Omega Healthcare Investors Inc. (NYSE:OHI) and Canadian Natural Resources Limited (NYSE:CNQ) if you are looking for a great stocks to invest in. Starting with the OHI shares, which traded at $43.24 at the close of the recent session, gaining 0.91%. On Wednesday, the company’s shares shed $0.39 from its value which represented in intraday trading. The stock is now 2.10% higher in year-to-date (YTD) trading. OHI’s intraday high was $43.60 while its lowest price touched $42.90. The stock’s 52-week high price is $45.01, which means the current price is at -3.93%. In terms of trading activity, the daily trading volume fell to 1414054 against 200-day average trading volume of 1,663,802 shares.

What are analyst forecasts for Omega Healthcare Investors Inc. (NYSE:OHI)?

At a consensus rating of 3.60, OHI is trending as a streaking Moderate Buy, as it has been the case a month ago when 9 analysts called it a Moderate Buy. Two months ago, 9 analysts recommended, on average, that OHI stock is a Moderate Buy. The Financial company’s shares’ overall bullish trend saw it close lower on Wednesday compared to its opening price of $42.93 on the day.

Forecasts for Omega Healthcare Investors Inc. (NYSE:OHI) give the stock a fair value for the growth of -1.15% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $42.75, which means the price per share could fall by nearly -$0.49. The price range target is between a low of $40.00 and a high of $50.00. The stock would need to gain by about $13.52 to hit the estimated high or 0.8% from its 12-month low.

The consensus among 10 analysts is that it is a good time for one to Overweight in the Omega Healthcare Investors Inc. 3 analysts rate OHI as a Buy, with 0 of 10 analysts rate it as a Sell. 0 have valued the stock as Overweight and 7 have recommended that investors Hold.

Omega Healthcare Investors Inc. (NYSE:OHI) Upgrades and Downgrades

In terms of rating changes, Mizuho on December 20, 2019, Initiated Omega Healthcare Investors Inc. (OHI) at Buy. They believe the stock could reach $50 in the near term. Analysts at Raymond James have assigned a Mkt Perform rating for the stock in their research note on October 21, 2019. Moreover, BofA/Merrill analysts issued a rating of Buy for the stock on October 14, 2019, giving it a price target of $44.50 for the next 12 months. On August 08, 2019, the stock earned a Strong Buy rating due to an analyst call from Raymond James, while analysts from Stifel on February 07, 2019 suggested that the stock is Hold.

Canadian Natural Resources Limited (NYSE:CNQ) adds -$0.4 on Wednesday

The CNQ stock has tanked -1.55% year-to-date and is currently trading at $31.85, which is -2.87% below its 52-week high. The company shares lost -1.24% on the day and have risen nearly 41.05% off a low hit. At current levels, Canadian Natural Resources Limited has a valuation of about $15.84B. As of 01/15/20, this stock has risen 1.14% during the week and closed at $32.25 in the previous session. However, recent Canadian Natural Resources Limited stock performance shows that CNQ shares are 4.91% up over the last month, and 25.84% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.21, with the trailing 12-month share earnings at $2.60. The ratio is expected to be up by 86.00% for the current year 2019 and 7.50% for next year. Over the next 5-year period, earnings per share will be 3.90%. But will the CNQ stock surprise in the current quarter results, where the $0.36 actual EPS reported on 12/30/2017 surprised by 28.60% or was higher by $0.08 from the estimated $0.28.

Sales Growth to climb 0.50% for the year

How well will Canadian Natural Resources Limited perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $3.29B and $4.74B in current quarter sales. The consensus estimated for the current quarter is $3.97B from sales. Forecasts for this fiscal year are between $12.56B and $18.05B and the consensus estimate for sales is at $15.75B. CNQ has its next quarter sales estimates at between $2.89B and $4.55B, with the quarter-over-quarter growth estimates at 34.10% and the annual growth forecast for the year at 0.50%.

Who owns shares in Canadian Natural Resources Limited (CNQ)?

Let’s briefly focus on the share ownership of the Canadian Natural Resources Limited (NYSE:CNQ) stock, where we find that 72.37% of shares are held by institutions. Capital Research Global Investors tops the list of institutional owners as it is holding 88.16 million shares or 7.44% of shares outstanding. Royal Bank of Canada and Capital World Investors held 72.9 million and 38.81 million representing 6.16% and 3.28% respectively at the close of the last trading session. As of Sep 29, 2019, Vanguard Group, Inc. (The) accounted for 35.8 million shares at over 953.27 million. This represented 3.02% of shares outstanding. Bank of Montreal/Can/ held 32.12 million shares at over 855.27 million representing 2.71% of shares outstanding.