Brokerages Set North American Construction Group Ltd (NYSE:NOA) PT at $14.00

North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) has received a consensus recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.00.

Several research firms have issued reports on NOA. Zacks Investment Research lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. ValuEngine lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Royal Bank of Canada raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 13th. National Bank Financial reaffirmed a “buy” rating on shares of North American Construction Group in a report on Tuesday, April 2nd. Finally, CIBC began coverage on shares of North American Construction Group in a report on Tuesday, April 16th. They issued a “sector outperform” rating on the stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOA. Whittier Trust Co. acquired a new stake in shares of North American Construction Group during the fourth quarter worth $27,000. SEI Investments Co acquired a new stake in shares of North American Construction Group during the first quarter worth $69,000. Barclays PLC acquired a new stake in shares of North American Construction Group during the fourth quarter worth $84,000. Cypress Capital Management LLC WY lifted its stake in shares of North American Construction Group by 3,303.1% during the fourth quarter. Cypress Capital Management LLC WY now owns 11,911 shares of the oil and gas company’s stock worth $106,000 after buying an additional 11,561 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of North American Construction Group during the fourth quarter worth $111,000. 60.86% of the stock is currently owned by institutional investors and hedge funds.

NOA stock traded down $0.12 during trading on Friday, hitting $10.79. 1,559 shares of the company’s stock traded hands, compared to its average volume of 109,635. The firm has a market cap of $274.20 million, a price-to-earnings ratio of 25.83 and a beta of 0.63. The company has a quick ratio of 0.75, a current ratio of 0.84 and a debt-to-equity ratio of 2.17. North American Construction Group has a 1 year low of $5.35 and a 1 year high of $13.62.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The company had revenue of $140.21 million for the quarter, compared to analyst estimates of $161.58 million. North American Construction Group had a net margin of 2.34% and a return on equity of 12.32%. Analysts anticipate that North American Construction Group will post 1.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, May 31st will be issued a $0.0148 dividend. This represents a $0.06 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, May 30th. North American Construction Group’s dividend payout ratio is currently 14.29%.

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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