North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.23), Zacks reports. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%.
North American Construction Group Stock Performance
NOA traded down $0.34 on Wednesday, hitting $11.46. 148,793 shares of the company traded hands, compared to its average volume of 109,967. The company has a 50 day moving average of $12.43 and a 200-day moving average of $13.93. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 2.15. The stock has a market capitalization of $315.63 million, a PE ratio of 15.73 and a beta of 1.06. North American Construction Group has a 12-month low of $10.85 and a 12-month high of $17.26.
North American Construction Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, August 28th were given a C$0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, August 28th. North American Construction Group’s payout ratio is 43.04%.
Wall Street Analysts Forecast Growth
NOA has been the subject of several research reports. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of North American Construction Group in a research report on Friday, September 4th. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research report on Thursday, August 13th. Finally, ATB Cormark Capital Markets raised North American Construction Group from a “hold” rating to a “moderate buy” rating in a report on Monday, October 26th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.75.
Check Out Our Latest Research Report on NOA
About North American Construction Group
North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.
Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.
Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.
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