North American Construction Group Ltd. (NYSE:NOA) Stock Has Consensus Target Price of $25.75

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $25.75.

Several equities analysts have commented on the stock. Wall Street Zen cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. BMO Capital Markets reiterated a “market perform” rating on shares of North American Construction Group in a report on Thursday, August 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of North American Construction Group in a research note on Friday, September 4th. ATB Cormark Capital Markets upgraded North American Construction Group from a “hold” rating to a “moderate buy” rating in a report on Monday, October 26th. Finally, Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th.

North American Construction Group Price Performance

NYSE NOA remained flat at $9.34 on Friday. The company’s stock had a trading volume of 188,366 shares, compared to its average volume of 143,654. North American Construction Group has a 52 week low of $8.56 and a 52 week high of $17.26. The company’s 50-day moving average price is $11.85 and its two-hundred day moving average price is $13.70. The company has a market capitalization of $257.13 million, a price-to-earnings ratio of -34.59 and a beta of 1.06. The company has a quick ratio of 0.78, a current ratio of 0.97 and a debt-to-equity ratio of 2.30.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its quarterly earnings data on Wednesday, November 4th. The oil and gas company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.21). The firm had revenue of $290.24 million during the quarter, compared to analysts’ expectations of $286.62 million. North American Construction Group had a negative net margin of 0.61% and a positive return on equity of 3.26%. Sell-side analysts forecast that North American Construction Group will post 0.90 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Wednesday, November 25th will be given a dividend of C$0.12 per share. The ex-dividend date is Wednesday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.1%. North American Construction Group’s dividend payout ratio (DPR) is -125.93%.

Hedge Funds Weigh In On North American Construction Group

Several institutional investors have recently bought and sold shares of NOA. Simplex Trading LLC lifted its position in North American Construction Group by 116.9% in the third quarter. Simplex Trading LLC now owns 4,384 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 2,363 shares during the period. WINTON GROUP Ltd acquired a new position in North American Construction Group during the 2nd quarter worth approximately $144,000. Morgan Dempsey Capital Management LLC acquired a new position in North American Construction Group during the 1st quarter worth approximately $257,000. Cibc World Market Inc. purchased a new position in shares of North American Construction Group during the 2nd quarter worth approximately $278,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of North American Construction Group during the 1st quarter worth approximately $612,000. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Company Profile

North American Construction Group Ltd. provides heavy construction and mining services, with operations in Canada and Australia. The company works with mining and resource-sector customers, including operators in Alberta’s oil sands, and also serves infrastructure and other industrial markets. Its services include mine development, site preparation, earthmoving, overburden removal, civil construction, equipment rental, and maintenance. The company also provides services related to mine reclamation and operates a fleet of heavy equipment for large-scale projects.