According to Zacks, “North American Construction Group Ltd. provides heavy construction and mining services primarily in Canada. It offers services to large oil, natural gas and resource companies. American Construction Group Ltd, formerly known as North American Energy Partners Inc., is based in Alberta, United States. “
Separately, ValuEngine cut shares of North American Construction Group from a hold rating to a sell rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $13.00.
North American Construction Group stock opened at $10.78 on Tuesday. North American Construction Group has a fifty-two week low of $7.82 and a fifty-two week high of $13.62. The stock has a market cap of $278.98 million, a PE ratio of 13.11 and a beta of 0.57. The firm’s 50-day simple moving average is $11.66 and its 200 day simple moving average is $11.48. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.72 and a current ratio of 0.83.
North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $0.27 earnings per share for the quarter. North American Construction Group had a net margin of 4.33% and a return on equity of 18.75%. The business had revenue of $132.28 million for the quarter. As a group, analysts predict that North American Construction Group will post 1.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Saturday, August 31st were issued a dividend of $0.015 per share. The ex-dividend date was Thursday, August 29th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.56%. North American Construction Group’s payout ratio is 28.57%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. K.J. Harrison & Partners Inc boosted its stake in North American Construction Group by 0.5% in the second quarter. K.J. Harrison & Partners Inc now owns 404,000 shares of the oil and gas company’s stock valued at $4,353,000 after acquiring an additional 2,000 shares during the last quarter. Stephens Inc. AR boosted its stake in North American Construction Group by 17.8% in the second quarter. Stephens Inc. AR now owns 13,299 shares of the oil and gas company’s stock valued at $144,000 after acquiring an additional 2,005 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake in North American Construction Group by 46.8% in the second quarter. Greenwood Capital Associates LLC now owns 24,358 shares of the oil and gas company’s stock valued at $263,000 after acquiring an additional 7,765 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its stake in North American Construction Group by 14.8% in the second quarter. Prescott Group Capital Management L.L.C. now owns 74,371 shares of the oil and gas company’s stock valued at $803,000 after acquiring an additional 9,571 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in North American Construction Group in the second quarter valued at about $263,000. Hedge funds and other institutional investors own 55.97% of the company’s stock.
About North American Construction Group
North American Construction Group Ltd. engages in providing mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands.
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