North American Construction Group (TSE:NOA) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$20.10 and traded as low as C$18.50. North American Construction Group shares last traded at C$18.62, with a volume of 40,459 shares traded.

Analysts Set New Price Targets

Several research analysts have commented on NOA shares. ATB Cormark Capital Markets lifted their price target on North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. BMO Capital Markets boosted their target price on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th. Finally, Raymond James Financial upped their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$22.71.

North American Construction Group Stock Up 2.8%

The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11. The firm’s fifty day simple moving average is C$19.31 and its 200 day simple moving average is C$20.10. The stock has a market capitalization of C$536.37 million, a price-to-earnings ratio of 17.67, a P/E/G ratio of 0.79 and a beta of 0.89.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. The company had revenue of C$319.22 million during the quarter. On average, sell-side analysts forecast that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. North American Construction Group’s dividend payout ratio is presently 42.86%.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron bought 10,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the acquisition, the director owned 2,285,738 shares in the company, valued at approximately C$46,743,342.10. This trade represents a 0.44% increase in their ownership of the stock. Also, insider North American Construction Group Ltd. purchased 165,000 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was purchased at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the purchase, the insider directly owned 165,000 shares in the company, valued at approximately C$3,158,100. This trade represents a ? increase in their ownership of the stock. In the last quarter, insiders have acquired 185,000 shares of company stock valued at $3,543,650. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.