North American Construction Group's (NOA) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• North American Construction Group's stock has a "hold (c)" rating restated by Weiss Ratings, following multiple downgrades from other analysts.
• The company's recent quarterly earnings reported an EPS of $0.24, missing consensus estimates of $0.66, despite revenues exceeding expectations.
• As of the latest trading session, the stock has a market capitalization of $458.26 million and a 12-month price range of $12.12 to $22.08.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA's stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

NOA has been the topic of a number of other research reports. Canaccord Genuity Group cut shares of North American Construction Group from a "buy" rating to a "hold" rating in a report on Friday, July 11th. CIBC cut shares of North American Construction Group to a "neutral" rating in a report on Friday, August 15th. Atb Cap Markets lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Cibc World Mkts lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Zacks Research upgraded shares of North American Construction Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 14th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

North American Construction Group Trading Down 1.2%

NYSE:NOA opened at $15.25 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $458.26 million, a PE ratio of 17.53 and a beta of 1.21. The firm's 50 day moving average is $13.89 and its 200 day moving average is $15.34. North American Construction Group has a 12 month low of $12.12 and a 12 month high of $22.08.

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

Institutional Trading of North American Construction Group

Several institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its position in North American Construction Group by 4.6% during the second quarter. Bank of Montreal Can now owns 2,244,637 shares of the oil and gas company's stock valued at $35,941,000 after buying an additional 98,646 shares during the period. Claret Asset Management Corp boosted its position in North American Construction Group by 0.7% during the second quarter. Claret Asset Management Corp now owns 2,064,325 shares of the oil and gas company's stock valued at $33,026,000 after buying an additional 14,686 shares during the period. Polar Asset Management Partners Inc. boosted its position in North American Construction Group by 70.3% during the first quarter. Polar Asset Management Partners Inc. now owns 1,740,985 shares of the oil and gas company's stock valued at $27,577,000 after buying an additional 718,884 shares during the period. National Bank of Canada FI boosted its position in North American Construction Group by 2.6% during the first quarter. National Bank of Canada FI now owns 1,368,520 shares of the oil and gas company's stock valued at $21,560,000 after buying an additional 34,720 shares during the period. Finally, Mackenzie Financial Corp boosted its position in North American Construction Group by 3.9% during the first quarter. Mackenzie Financial Corp now owns 899,609 shares of the oil and gas company's stock valued at $14,184,000 after buying an additional 34,086 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

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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