North American Construction Group (NOA) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for North American Construction Group in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NOA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOA, but not buy additional shares or sell existing shares.
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3 analysts have issued 1-year target prices for North American Construction Group's stock. Their NOA share price forecasts range from $20.00 to $39.00. On average, they anticipate the company's share price to reach $29.50 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price.
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North American Construction Group's stock was trading at $13.37 at the start of the year. Since then, NOA shares have increased by 60.9% and is now trading at $21.51.
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North American Construction Group saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 79,100 shares, a decrease of 46.4% from the August 15th total of 147,600 shares. Based on an average trading volume of 75,100 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.3% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our NOA earnings forecast.

North American Construction Group Ltd. (NYSE:NOA) announced its quarterly earnings results on Wednesday, July, 26th. The oil and gas company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. The oil and gas company earned $144.12 million during the quarter, compared to the consensus estimate of $134.34 million. North American Construction Group had a net margin of 9.34% and a trailing twelve-month return on equity of 26.68%.

North American Construction Group declared a quarterly dividend on Wednesday, July 26th. Investors of record on Thursday, August 31st will be given a dividend of $0.075 per share on Friday, October 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for NOA.

North American Construction Group (NYSE:NOA) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.40%. The dividend payout ratio is 15.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOA will have a dividend payout ratio of 10.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOA.

Based on aggregate information from My MarketBeat watchlists, some companies that other North American Construction Group investors own include Micron Technology (MU), Coca-Cola (KO), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Broadcom (AVGO), Pfizer (PFE), Walt Disney (DIS), Intel (INTC), Johnson & Johnson (JNJ) and NVIDIA (NVDA).

North American Construction Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOA."

Shares of NOA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NOA stock can currently be purchased for approximately $21.51.

North American Construction Group (NYSE:NOA) has a market capitalization of $575.18 million and generates $591.92 million in revenue each year. The oil and gas company earns $51.82 million in net income (profit) each year or $1.96 on an earnings per share basis.

The company employs 2,042 workers across the globe.

North American Construction Group's mailing address is 27287 100 AVENUE, ACHESON A0, T7X 6H8. The official website for the company is www.nacg.ca. The oil and gas company can be reached via phone at (780) 960-7171 or via fax at 780-960-7103.