North American Construction Group Ltd. (NYSE:NOA) Given Consensus Rating of "Reduce" by Analysts

Key Points

• North American Construction Group Ltd. has received a consensus rating of "Reduce" from analysts, with one sell rating and five hold ratings among six ratings firms covering the company.
• The company's recent earnings report showed an EPS of $0.24, falling short of the consensus estimate of $0.66, despite revenue exceeding expectations at $235.51 million.
• North American Construction Group will pay a quarterly dividend of $0.0872, reflecting a slight decrease from the previous dividend, with an annual yield of 2.4% based on a payout ratio of 40.23%.

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA has received a consensus rating of "Reduce" from the six ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company.

Several research firms have recently commented on NOA. TD Securities lowered North American Construction Group from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Zacks Research lowered North American Construction Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Canaccord Genuity Group lowered North American Construction Group from a "buy" rating to a "hold" rating in a report on Friday, July 11th. Atb Cap Markets lowered North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, CIBC lowered North American Construction Group to a "neutral" rating in a report on Friday, August 15th.

Hedge Funds Weigh In On North American Construction Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tranquility Partners LLC lifted its position in shares of North American Construction Group by 4.4% during the 1st quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock valued at $246,000 after acquiring an additional 658 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of North American Construction Group by 4.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,850 shares of the oil and gas company's stock valued at $451,000 after acquiring an additional 974 shares during the last quarter. Pacific Global Investment Management Co. lifted its position in shares of North American Construction Group by 1.5% during the 1st quarter. Pacific Global Investment Management Co. now owns 69,269 shares of the oil and gas company's stock valued at $1,094,000 after acquiring an additional 1,046 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of North American Construction Group by 3.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 40,307 shares of the oil and gas company's stock valued at $636,000 after acquiring an additional 1,463 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of North American Construction Group by 16.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company's stock valued at $165,000 after acquiring an additional 1,474 shares during the last quarter. 74.99% of the stock is owned by institutional investors.

North American Construction Group Stock Down 0.5%

NYSE:NOA opened at $14.54 on Friday. The firm has a market capitalization of $438.67 million, a PE ratio of 16.71 and a beta of 1.21. The stock has a 50 day moving average of $14.10 and a 200-day moving average of $15.47. North American Construction Group has a 52 week low of $12.12 and a 52 week high of $22.08. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.57.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last posted its earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.42). The company had revenue of $235.51 million for the quarter, compared to the consensus estimate of $231.51 million. North American Construction Group had a net margin of 2.82% and a return on equity of 17.15%. Analysts predict that North American Construction Group will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, August 29th will be issued a $0.0872 dividend. This is a positive change from North American Construction Group's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.35 dividend on an annualized basis and a yield of 2.4%. North American Construction Group's dividend payout ratio is currently 40.23%.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.

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