North American Construction Group (NOA) Lifted to Strong-Buy at Raymond James

Raymond James upgraded shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from an outperform rating to a strong-buy rating in a research report released on Monday morning, Briefing.com Automated Import reports.

Other equities analysts also recently issued reports about the stock. National Bank Financial reaffirmed a buy rating on shares of North American Construction Group in a research note on Tuesday, April 2nd. Zacks Investment Research downgraded shares of North American Construction Group from a buy rating to a hold rating in a research note on Saturday, May 11th. CIBC assumed coverage on shares of North American Construction Group in a research note on Tuesday, April 16th. They set a sector outperform rating for the company. Finally, ValuEngine raised shares of North American Construction Group from a hold rating to a buy rating in a research note on Saturday, February 2nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. North American Construction Group presently has a consensus rating of Buy and an average target price of $14.00.

Shares of NYSE:NOA opened at $12.13 on Monday. The stock has a market cap of $316.37 million, a PE ratio of 28.88 and a beta of 0.48. 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 12 month low of $5.35 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $140.21 million during the quarter, compared to the consensus estimate of $161.58 million. North American Construction Group had a net margin of 2.34% and a return on equity of 12.32%. On average, equities analysts anticipate that North American Construction Group will post 0.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, May 31st will be given a dividend of $0.0148 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, May 30th. North American Construction Group’s dividend payout ratio is currently 14.29%.

Several hedge funds and other institutional investors have recently made changes to their positions in NOA. Whittier Trust Co. purchased a new position in shares of North American Construction Group during the fourth quarter valued at about $27,000. SEI Investments Co purchased a new position in shares of North American Construction Group during the first quarter valued at about $69,000. Barclays PLC purchased a new position in shares of North American Construction Group during the fourth quarter valued at about $84,000. Cypress Capital Management LLC WY increased its position 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 valued at $106,000 after buying an additional 11,561 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of North American Construction Group during the fourth quarter valued at about $111,000. Institutional investors own 55.52% of the company’s stock.

North American Construction Group Company Profile

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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