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.

North American Construction Group Trading Up 2.6 %

North American Construction Group stock opened at C$14.66 on Friday. The firm's 50-day moving average is C$14.72 and its 200-day moving average is C$16.82. The company has a debt-to-equity ratio of 148.94, a quick ratio of 0.63 and a current ratio of 1.00. North American Construction Group has a 1 year low of C$13.55 and a 1 year high of C$22.00. The company has a market cap of C$398.39 million and a P/E ratio of 9.11.

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

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Wednesday, August 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.18%. North American Construction Group's payout ratio is currently 14.91%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Pi Financial dropped their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set a "na" rating for the company in a research report on Tuesday, July 26th. CIBC dropped their price objective on shares of North American Construction Group from C$22.00 to C$17.00 in a research report on Wednesday, July 13th. National Bankshares dropped their price objective on shares of North American Construction Group from C$22.00 to C$20.00 and set an "outperform" rating for the company in a research report on Friday, July 29th. BMO Capital Markets lowered their price target on shares of North American Construction Group from C$26.00 to C$24.00 in a report on Thursday, April 28th. Finally, Atb Cap Markets lowered shares of North American Construction Group from an "outperform" rating to a "sector perform" rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$23.78.

Insider Transactions at North American Construction Group

In other news, insider North American Construction Group Ltd. acquired 19,100 shares of the business's stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average cost of C$15.23 per share, for a total transaction of C$290,820.42. Following the transaction, the insider now directly owns 126,400 shares in the company, valued at approximately C$1,924,591.68. In related news, insider North American Construction Group Ltd. bought 19,100 shares of the stock in a transaction on Friday, August 12th. The shares were purchased at an average price of C$15.23 per share, with a total value of C$290,820.42. Following the purchase, the insider now owns 126,400 shares in the company, valued at C$1,924,591.68. Also, Director Martin Robert Ferron acquired 5,000 shares of the stock in a transaction dated Thursday, June 23rd. The stock was acquired at an average cost of C$13.99 per share, for a total transaction of C$69,950.00. Following the purchase, the director now directly owns 2,146,857 shares in the company, valued at C$30,034,529.43. In the last three months, insiders have acquired 705,100 shares of company stock worth $10,664,476.