Raymond James Issues Negative Outlook for NOA Earnings

North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA - Stock analysts at Raymond James lowered their Q1 2025 earnings per share estimates for North American Construction Group in a research note issued to investors on Tuesday, April 22nd. Raymond James analyst F. Bastien now expects that the oil and gas company will post earnings per share of $0.42 for the quarter, down from their previous forecast of $0.52. Raymond James currently has a "Moderate Buy" rating on the stock. The consensus estimate for North American Construction Group's current full-year earnings is $2.56 per share. Raymond James also issued estimates for North American Construction Group's Q3 2025 earnings at $1.03 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $1.07 EPS, Q4 2026 earnings at $0.85 EPS and FY2026 earnings at $2.97 EPS.

North American Construction Group Trading Down 0.7 %

Shares of NOA stock traded down $0.12 on Wednesday, reaching $15.25. 16,876 shares of the stock were exchanged, compared to its average volume of 68,566. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The stock has a market cap of $468.05 million, a P/E ratio of 10.62 and a beta of 1.16. The firm has a 50 day moving average of $16.07 and a two-hundred day moving average of $18.52. North American Construction Group has a 1-year low of $13.19 and a 1-year high of $22.16.

North American Construction Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.084 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.34 annualized dividend and a yield of 2.20%. North American Construction Group's dividend payout ratio is presently 28.70%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Claret Asset Management Corp raised its holdings in shares of North American Construction Group by 1.7% during the 4th quarter. Claret Asset Management Corp now owns 2,040,138 shares of the oil and gas company's stock valued at $43,945,000 after buying an additional 33,881 shares during the period. National Bank of Canada FI grew its stake in North American Construction Group by 13.3% in the fourth quarter. National Bank of Canada FI now owns 1,333,800 shares of the oil and gas company's stock worth $28,776,000 after purchasing an additional 156,691 shares in the last quarter. Alberta Investment Management Corp increased its holdings in shares of North American Construction Group by 7.2% in the 4th quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company's stock valued at $22,774,000 after acquiring an additional 71,454 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of North American Construction Group by 12.8% during the fourth quarter. Bank of America Corp DE now owns 434,014 shares of the oil and gas company's stock worth $9,379,000 after purchasing an additional 49,104 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of North American Construction Group by 31.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company's stock valued at $9,194,000 after buying an additional 101,400 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Company Profile

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.