North American Construction Group Ltd. (NYSE:NOA) Stock Has Consensus Price Target of $25.75

Key Points

• Analyst sentiment is “Hold”: Four of seven analysts rate North American Construction Group shares Hold and three rate them Buy; the average 1-year price target is $25.75.
• Quarterly earnings missed expectations: The company reported EPS of $0.17 versus the $0.38 consensus estimate, though revenue of $290.24 million exceeded forecasts. Shares were at $9.34, within a 52-week range of $8.56 to $17.26.
• The company announced a quarterly dividend of C$0.12 per share, equivalent to C$0.48 annually and a reported yield of 5.1%; institutional investors own about 75% of its stock.

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA has been assigned a consensus recommendation of "Hold" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $25.75.

NOA has been the subject of several recent analyst reports. BMO Capital Markets restated a "market perform" rating on shares of North American Construction Group in a research note on Thursday, August 13th. Zacks Research upgraded North American Construction Group from a "strong sell" rating to a "hold" rating in a research report on Friday, October 16th. Weiss Ratings reiterated a "hold (c-)" rating on shares of North American Construction Group in a research report on Friday, September 4th. ATB Cormark Capital Markets upgraded shares of North American Construction Group from a "hold" rating to a "moderate buy" rating in a research report on Monday, October 26th. Finally, Wall Street Zen downgraded shares of North American Construction Group from a "buy" rating to a "hold" rating in a report on Saturday, October 10th.

Institutional Trading of North American Construction Group

Large investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new position in North American Construction Group during the second quarter worth about $3,045,000. Orchard Capital Management LLC purchased a new stake in shares of North American Construction Group during the 2nd quarter valued at approximately $3,013,000. Arrowstreet Capital Limited Partnership lifted its holdings in North American Construction Group by 65.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 402,413 shares of the oil and gas company's stock valued at $5,430,000 after acquiring an additional 158,731 shares during the last quarter. Van Berkom & Associates Inc. acquired a new position in North American Construction Group in the third quarter valued at approximately $2,024,000. Finally, Cannell Capital LLC purchased a new position in North American Construction Group in the second quarter worth approximately $10,423,090. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

North American Construction Group Stock Performance

NYSE NOA remained flat at $9.34 on Friday. 188,366 shares of the company were exchanged, compared to its average volume of 143,654. The stock has a market cap of $257.13 million, a price-to-earnings ratio of -34.59 and a beta of 1.06. The business has a fifty day moving average of $11.85 and a 200 day moving average of $13.70. North American Construction Group has a 52 week low of $8.56 and a 52 week high of $17.26. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.78 and a current ratio of 0.97.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last released its quarterly earnings data on Wednesday, November 4th. The oil and gas company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.21). The company had revenue of $290.24 million during the quarter, compared to analysts' expectations of $286.62 million. North American Construction Group had a positive return on equity of 3.26% and a negative net margin of 0.61%. As a group, equities research analysts anticipate that North American Construction Group will post 0.90 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Wednesday, November 25th will be given a C$0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Wednesday, November 25th. North American Construction Group's dividend payout ratio (DPR) is -125.93%.

About North American Construction Group

North American Construction Group Ltd. provides heavy construction and mining services, with operations in Canada and Australia. The company works with mining and resource-sector customers, including operators in Alberta's oil sands, and also serves infrastructure and other industrial markets. Its services include mine development, site preparation, earthmoving, overburden removal, civil construction, equipment rental, and maintenance. The company also provides services related to mine reclamation and operates a fleet of heavy equipment for large-scale projects.

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