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.

Analysts Set New Price Targets

NOA has been the topic of several recent research reports. StockNews.com cut North American Construction Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 3rd. Raymond James reduced their price target on shares of North American Construction Group to C$22.00 in a research report on Thursday, July 28th. National Bank Financial lowered their price objective on shares of North American Construction Group to C$20.00 in a research note on Friday, July 29th. Atb Cap Markets lowered shares of North American Construction Group from an "outperform" rating to a "sector perform" rating in a research note on Thursday, July 28th. Finally, Canaccord Genuity Group reduced their price objective on shares of North American Construction Group from C$26.00 to C$22.00 in a research note on Monday, August 1st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

North American Construction Group Price Performance

Shares of NOA traded up $0.23 during mid-day trading on Wednesday, reaching $11.92. The company had a trading volume of 1,363 shares, compared to its average volume of 48,923. The company's 50 day simple moving average is $11.61 and its 200 day simple moving average is $13.28. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.66 and a current ratio of 1.00. North American Construction Group has a 1-year low of $10.36 and a 1-year high of $17.79. The company has a market capitalization of $345.70 million, a price-to-earnings ratio of 9.20 and a beta of 1.41.

North American Construction Group (NYSE:NOA - Get Rating) (TSE:NOA) last released its quarterly earnings data on Wednesday, July 27th. The oil and gas company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.14). North American Construction Group had a net margin of 7.29% and a return on equity of 18.10%. During the same quarter in the previous year, the company earned $0.26 EPS. Analysts expect that North American Construction Group will post 1.39 EPS for the current year.

North American Construction Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Wednesday, August 31st will be issued a $0.062 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.25 annualized dividend and a yield of 2.08%. North American Construction Group's payout ratio is 19.69%.