Equities Analysts Issue Forecasts for NOA Q1 Earnings

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) – Equities researchers at National Bank Financial lowered their Q1 2025 EPS estimates for North American Construction Group in a research note issued to investors on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now forecasts that the oil and gas company will earn $0.59 per share for the quarter, down from their prior estimate of $0.67. The consensus estimate for North American Construction Group’s current full-year earnings is $2.65 per share. National Bank Financial also issued estimates for North American Construction Group’s Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.77 EPS and Q4 2025 earnings at $0.72 EPS.

Several other equities analysts also recently commented on the stock. Raymond James raised shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday. CIBC raised shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, December 5th. Finally, Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, North American Construction Group has an average rating of “Buy”.

North American Construction Group Trading Down 2.8 %

NYSE NOA opened at $20.34 on Friday. North American Construction Group has a 1-year low of $16.46 and a 1-year high of $25.92. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $565.02 million, a PE ratio of 14.12 and a beta of 1.46. The firm’s fifty day simple moving average is $20.67 and its 200-day simple moving average is $19.46.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NOA. Polar Asset Management Partners Inc. lifted its holdings in shares of North American Construction Group by 59.8% during the third quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company’s stock worth $31,981,000 after buying an additional 639,857 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of North American Construction Group by 69.1% during the third quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company’s stock worth $22,012,000 after buying an additional 480,885 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of North American Construction Group by 15.3% during the third quarter. Bank of Montreal Can now owns 2,154,347 shares of the oil and gas company’s stock worth $40,519,000 after buying an additional 285,225 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of North American Construction Group by 240.4% during the second quarter. Millennium Management LLC now owns 225,336 shares of the oil and gas company’s stock worth $4,344,000 after buying an additional 159,142 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of North American Construction Group by 11.9% during the third quarter. CIBC Asset Management Inc now owns 1,291,883 shares of the oil and gas company’s stock valued at $24,167,000 after purchasing an additional 137,327 shares during the period. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.089 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.75%. North American Construction Group’s payout ratio is 25.69%.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.