North American Construction Group - NOA Stock Forecast, Price & News

North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services. Its Equipment Maintenance Services division provides fuel and lube servicing, portable steaming, equipment inspections, parts and component supply, major overhauls and equipment refurbishment, onsite haul truck brake testing, onsite maintenance support, under carriage rebuild, machining, hose manufacturing, and technical support services, as well as welding, fabrication/repairs, weld certification, and inspection services. As of December 31, 2021, the company operated a heavy equipment fleet of 632 units. It serves resource development and industrial construction sectors. The company was formerly known as North American Energy Partners Inc. and changed its name to North American Construction Group Ltd. in April 2018. North American Construction Group Ltd. was founded in 1953 and is headquartered in Acheson, Canada.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NOA shares. Atb Cap Markets lowered North American Construction Group from an "outperform" rating to a "sector perform" rating in a research report on Thursday, July 28th. Raymond James reduced their price objective on North American Construction Group to C$22.00 in a research report on Thursday, July 28th. National Bank Financial reduced their price objective on North American Construction Group to C$20.00 in a research report on Friday, July 29th. TheStreet lowered North American Construction Group from a "b-" rating to a "c+" rating in a research report on Wednesday, July 6th. Finally, StockNews.com lowered North American Construction Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 3rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.00.

North American Construction Group Price Performance

Shares of NOA traded down $0.45 during midday trading on Monday, reaching $11.37. The stock had a trading volume of 15,961 shares, compared to its average volume of 48,251. North American Construction Group has a 52 week low of $10.36 and a 52 week high of $17.79. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.66. The firm's 50 day moving average price is $11.53 and its 200-day moving average price is $13.23. The company has a market capitalization of $329.75 million, a P/E ratio of 9.31 and a beta of 1.41.

North American Construction Group (NYSE:NOA - Get Rating) (TSE:NOA) last posted its quarterly earnings data on Wednesday, July 27th. The oil and gas company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.14). North American Construction Group had a return on equity of 18.10% and a net margin of 7.29%. During the same period in the prior year, the company posted $0.26 earnings per share. On average, analysts forecast that North American Construction Group will post 1.39 earnings per share for the current fiscal year.

North American Construction Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Wednesday, August 31st will be paid a $0.062 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Tuesday, August 30th. North American Construction Group's dividend payout ratio is presently 19.69%.