North American Construction Group (NYSE:NOA) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

North American Construction Group (NYSE:NOA) (TSE:NOA) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01), Zacks reports. North American Construction Group had a net margin of 2.64% and a return on equity of 4.45%.

North American Construction Group Stock Up 0.1%

Shares of NYSE NOA traded up $0.01 during mid-day trading on Wednesday, hitting $15.32. The company had a trading volume of 115,276 shares, compared to its average volume of 116,274. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 1.80. The firm has a 50-day simple moving average of $13.63 and a two-hundred day simple moving average of $14.41. The company has a market capitalization of $427.05 million, a PE ratio of 19.39 and a beta of 1.06. North American Construction Group has a one year low of $12.07 and a one year high of $17.26.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NOA. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of North American Construction Group in a research note on Tuesday, June 9th. Roth Capital reiterated a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a report on Friday, May 15th. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a research note on Thursday, May 14th. Finally, ATB Cormark Capital Markets lowered North American Construction Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.75.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NOA. Raymond James Financial Inc. acquired a new stake in shares of North American Construction Group in the 2nd quarter valued at approximately $122,000. Qube Research & Technologies Ltd acquired a new position in North American Construction Group during the third quarter worth $153,000. Dynamic Technology Lab Private Ltd bought a new stake in North American Construction Group during the fourth quarter worth $165,000. Lazard Asset Management LLC raised its position in North American Construction Group by 1,424.1% during the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock worth $177,000 after acquiring an additional 11,635 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in North American Construction Group in the fourth quarter valued at $190,000. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Company Profile

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.