North American Construction Group (NYSE:NOA) Upgraded at ValuEngine

ValuEngine upgraded shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday, January 7th, ValuEngine reports.

Separately, Zacks Investment Research cut shares of North American Construction Group from a buy rating to a hold rating in a report on Saturday, November 23rd. One research analyst has rated the stock with a sell rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $14.00.

Shares of NOA opened at $11.53 on Tuesday. North American Construction Group has a 1-year low of $9.75 and a 1-year high of $13.62. The stock has a market cap of $319.17 million, a PE ratio of 11.39 and a beta of 0.58. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.00 and a quick ratio of 0.83. The firm has a fifty day moving average price of $11.53 and a 200 day moving average price of $11.33.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its earnings results on Tuesday, October 29th. The oil and gas company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. North American Construction Group had a net margin of 4.73% and a return on equity of 23.52%. The business had revenue of $126.01 million during the quarter, compared to analysts’ expectations of $111.34 million. As a group, equities analysts expect that North American Construction Group will post 1.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Saturday, November 30th were issued a dividend of $0.03 per share. This is a boost from North American Construction Group’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, November 27th. North American Construction Group’s dividend payout ratio is currently 28.57%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new position in North American Construction Group during the third quarter worth about $121,000. Cavalier Investments LLC acquired a new position in North American Construction Group during the third quarter worth about $248,000. Marshall Wace North America L.P. acquired a new position in North American Construction Group during the second quarter worth about $263,000. Greenwood Capital Associates LLC grew its position in North American Construction Group by 46.8% during the second quarter. Greenwood Capital Associates LLC now owns 24,358 shares of the oil and gas company’s stock worth $263,000 after buying an additional 7,765 shares during the period. Finally, Tranquility Partners LLC acquired a new position in North American Construction Group during the second quarter worth about $395,000. 55.69% of the stock is owned by hedge funds and other institutional investors.

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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