North American Construction Group Ltd (NYSE:NOA) Receives Average Recommendation of “Buy” from Brokerages

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North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company.

A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. ValuEngine downgraded North American Construction Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th.

Institutional investors have recently added to or reduced their stakes in the stock. Intact Investment Management Inc. increased its position in North American Construction Group by 38.5% during the second quarter. Intact Investment Management Inc. now owns 310,967 shares of the oil and gas company’s stock worth $4,372,000 after purchasing an additional 86,400 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of North American Construction Group by 17.8% during the 2nd quarter. Stephens Inc. AR now owns 13,299 shares of the oil and gas company’s stock worth $144,000 after buying an additional 2,005 shares during the last quarter. K.J. Harrison & Partners Inc raised its position in shares of 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 worth $4,353,000 after buying an additional 2,000 shares during the period. CIBC Asset Management Inc raised its position in shares of North American Construction Group by 22.1% in the 2nd quarter. CIBC Asset Management Inc now owns 311,162 shares of the oil and gas company’s stock worth $3,353,000 after buying an additional 56,356 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of North American Construction Group by 264.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 187,189 shares of the oil and gas company’s stock worth $1,999,000 after buying an additional 135,869 shares during the period. Hedge funds and other institutional investors own 55.39% of the company’s stock.

NOA stock traded up $0.17 during midday trading on Friday, hitting $10.85. The stock had a trading volume of 2,958 shares, compared to its average volume of 102,201. The firm has a market cap of $295.85 million, a PE ratio of 25.74 and a beta of 0.62. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.00 and a quick ratio of 0.83. North American Construction Group has a 12-month low of $7.82 and a 12-month high of $13.62. The company’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 issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. North American Construction Group had a return on equity of 23.52% and a net margin of 4.73%. The company had revenue of $126.01 million for the quarter, compared to analyst estimates of $111.34 million. As a group, sell-side analysts anticipate that North American Construction Group will post 1.23 EPS for the current year.

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

About North American Construction Group

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.

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