North American Construction Group Ltd (NYSE:NOA) Receives Consensus Rating of “Buy” from Analysts

Shares of North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) have been given an average recommendation of “Buy” by the six research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company.

Several equities research analysts have recently weighed in on NOA shares. ValuEngine downgraded North American Construction Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Zacks Investment Research cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd.

Shares of NOA traded up $0.17 during midday trading on Friday, reaching $10.85. 2,958 shares of the stock were exchanged, compared to its average volume of 102,201. North American Construction Group has a twelve month low of $7.82 and a twelve month high of $13.62. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.00 and a quick ratio of 0.83. The company has a market capitalization of $295.85 million, a price-to-earnings ratio of 25.74 and a beta of 0.62. The business’s 50-day moving average price is $11.06 and its 200 day moving average price is $11.18.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its earnings results on Tuesday, October 29th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $126.01 million during the quarter, compared to analysts’ expectations of $111.34 million. North American Construction Group had a return on equity of 23.52% and a net margin of 4.73%. As a group, equities research analysts expect that North American Construction Group will post 1.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Saturday, November 30th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.11%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, November 27th. North American Construction Group’s dividend payout ratio is presently 28.57%.

Several institutional investors and hedge funds have recently made changes to their positions in NOA. Polar Asset Management Partners Inc. raised its stake in North American Construction Group by 113.8% during the 2nd quarter. Polar Asset Management Partners Inc. now owns 1,337,818 shares of the oil and gas company’s stock valued at $14,448,000 after acquiring an additional 712,015 shares during the last quarter. Renaissance Technologies LLC grew its position in North American Construction Group by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,044,600 shares of the oil and gas company’s stock valued at $11,281,000 after buying an additional 55,100 shares during the last quarter. K.J. Harrison & Partners Inc grew its position in North American Construction Group by 0.5% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 404,000 shares of the oil and gas company’s stock valued at $4,353,000 after buying an additional 2,000 shares during the last quarter. CIBC Asset Management Inc increased its stake in North American Construction Group by 0.7% in the 3rd quarter. CIBC Asset Management Inc now owns 313,398 shares of the oil and gas company’s stock valued at $3,613,000 after buying an additional 2,236 shares during the period. Finally, Intact Investment Management Inc. increased its stake in North American Construction Group by 38.5% in the 2nd quarter. Intact Investment Management Inc. now owns 310,967 shares of the oil and gas company’s stock valued at $4,372,000 after buying an additional 86,400 shares during the period. Institutional investors and hedge funds own 55.39% of the company’s stock.

North American Construction Group Company Profile

North American Construction Group Ltd. engages in providing mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands.

See Also: Municipal Bonds

Receive News & Ratings for North American Construction Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Construction Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit