North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has been assigned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.42.
A number of research analysts have commented on NOA shares. Atb Cap Markets restated an “outperform” rating on shares of North American Construction Group in a research note on Thursday, February 4th. Raymond James boosted their target price on North American Construction Group from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, April 29th. BMO Capital Markets boosted their target price on North American Construction Group from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, April 30th. Canaccord Genuity upped their price target on North American Construction Group from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded North American Construction Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 9th.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its position in shares of North American Construction Group by 9.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,262 shares of the oil and gas company’s stock worth $164,000 after purchasing an additional 1,299 shares during the last quarter. Stephens Inc. AR lifted its position in shares of North American Construction Group by 39.1% during the 1st quarter. Stephens Inc. AR now owns 15,014 shares of the oil and gas company’s stock worth $161,000 after purchasing an additional 4,221 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of North American Construction Group by 31.2% during the 1st quarter. Toronto Dominion Bank now owns 18,183 shares of the oil and gas company’s stock worth $196,000 after purchasing an additional 4,325 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of North American Construction Group by 8.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 93,252 shares of the oil and gas company’s stock worth $1,002,000 after purchasing an additional 7,108 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of North American Construction Group during the 4th quarter worth about $100,000. 46.14% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE NOA opened at $13.40 on Thursday. The business’s 50-day moving average price is $12.20 and its two-hundred day moving average price is $10.77. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.22 and a quick ratio of 1.01. North American Construction Group has a one year low of $5.24 and a one year high of $14.42. The company has a market capitalization of $401.33 million, a P/E ratio of 11.36 and a beta of 1.38.
North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its earnings results on Wednesday, April 28th. The oil and gas company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.25. North American Construction Group had a return on equity of 23.22% and a net margin of 8.50%. The firm had revenue of $132.99 million for the quarter, compared to the consensus estimate of $138.15 million. On average, equities analysts anticipate that North American Construction Group will post 1.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 9th. Stockholders of record on Friday, May 28th will be paid a dividend of $0.0323 per share. This represents a $0.13 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, May 27th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.03. North American Construction Group’s dividend payout ratio is 7.96%.
About North American Construction Group
North American Construction Group Ltd. provides mining and heavy construction services to the resource development and industrial construction sectors in Canada and the United States The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.
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