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.

Wall Street Analyst Weigh In

NOA has been the topic of a number of research analyst reports. Pi Financial lowered their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set a "na" rating on the stock in a research report on Tuesday, July 26th. National Bankshares decreased their target price on North American Construction Group from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a report on Friday, July 29th. Raymond James cut their price target on North American Construction Group from C$24.00 to C$22.00 and set an "outperform" rating for the company in a report on Thursday, July 28th. BMO Capital Markets reduced their price target on North American Construction Group from C$26.00 to C$24.00 in a research report on Thursday, April 28th. Finally, ATB Capital lowered their price objective on North American Construction Group from C$22.00 to C$21.00 in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, North American Construction Group currently has an average rating of "Moderate Buy" and a consensus target price of C$23.78.

North American Construction Group Stock Performance

Shares of TSE:NOA opened at C$15.37 on Friday. The firm has a fifty day simple moving average of C$14.91 and a two-hundred day simple moving average of C$16.91. North American Construction Group has a 52 week low of C$13.55 and a 52 week high of C$22.00. The company has a quick ratio of 0.63, a current ratio of 1.00 and a debt-to-equity ratio of 148.94. The stock has a market capitalization of C$417.68 million and a P/E ratio of 9.55.

North American Construction Group (TSE:NOA - Get Rating) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, July 27th. The company reported C$0.17 earnings per share for the quarter, missing the consensus estimate of C$0.29 by C($0.12). The business had revenue of C$168.03 million during the quarter, compared to the consensus estimate of C$173.70 million. On average, analysts expect that North American Construction Group will post 2.3777909 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Wednesday, August 31st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, August 30th. North American Construction Group's dividend payout ratio (DPR) is currently 14.91%.

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron bought 5,000 shares of the business's stock in a transaction dated Thursday, June 23rd. The shares were purchased at an average price of C$13.99 per share, with a total value of C$69,950.00. Following the completion of the purchase, the director now owns 2,146,857 shares in the company, valued at approximately C$30,034,529.43. In other news, insider North American Construction Group Ltd. purchased 19,100 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average price of C$15.87 per share, for a total transaction of C$303,021.50. Following the completion of the acquisition, the insider now owns 19,100 shares of the company's stock, valued at C$303,021.50. Also, Director Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock in a transaction on Thursday, June 23rd. The shares were purchased at an average price of C$13.99 per share, for a total transaction of C$69,950.00. Following the completion of the acquisition, the director now directly owns 2,146,857 shares in the company, valued at C$30,034,529.43. Insiders bought a total of 705,100 shares of company stock valued at $10,698,854 over the last 90 days.