North American Construction Group (TSE:NOA) Receiving Somewhat Favorable News Coverage, InfoTrie Reports

Media coverage about North American Construction Group (TSE:NOA) (NYSE:NOA) has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. North American Construction Group earned a coverage optimism score of 0.86 on their scale. InfoTrie also gave news articles about the company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the immediate future.

A number of research firms have issued reports on NOA. National Bank Financial raised their target price on North American Construction Group from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Raymond James raised their target price on North American Construction Group from C$22.00 to C$26.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd.

TSE:NOA opened at C$14.05 on Thursday. The business has a fifty day simple moving average of C$15.15 and a two-hundred day simple moving average of C$15.17. North American Construction Group has a 1 year low of C$10.64 and a 1 year high of C$18.36.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its earnings results on Tuesday, July 30th. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm had revenue of C$176.94 million during the quarter. On average, equities research analysts predict that North American Construction Group will post 1.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Saturday, August 31st were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, August 29th.

In other news, Director Martin Robert Ferron sold 4,700 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$16.42, for a total value of C$77,174.00. Following the completion of the transaction, the director now directly owns 1,877,871 shares of the company’s stock, valued at C$30,834,641.82. Also, Senior Officer Joseph Charles Lambert sold 17,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$16.41, for a total value of C$278,888.40. Following the completion of the transaction, the insider now directly owns 113,247 shares of the company’s stock, valued at C$1,857,839.68. Insiders sold 34,700 shares of company stock valued at $573,628 over the last ninety days.

North American Construction Group Company Profile

North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.

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