Shares of North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) have been given an average rating of “Buy” by the six research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company.

NOA has been the subject of several recent research reports. Zacks Investment Research upgraded shares of North American Construction Group from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered shares of North American Construction Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.

A number of hedge funds have recently added to or reduced their stakes in the business. Stephens Inc. AR boosted its holdings in North American Construction Group by 17.8% during the 2nd quarter. Stephens Inc. AR now owns 13,299 shares of the oil and gas company’s stock worth $144,000 after acquiring an additional 2,005 shares during the last quarter. Intact Investment Management Inc. increased its stake in shares of North American Construction Group by 38.5% during the second quarter. Intact Investment Management Inc. now owns 310,967 shares of the oil and gas company’s stock valued at $4,372,000 after acquiring an additional 86,400 shares during the period. CIBC Asset Management Inc increased its stake in shares of North American Construction Group by 22.1% during the second quarter. CIBC Asset Management Inc now owns 311,162 shares of the oil and gas company’s stock valued at $3,353,000 after acquiring an additional 56,356 shares during the period. JPMorgan Chase & Co. increased its stake in shares of North American Construction Group by 264.7% during the second quarter. JPMorgan Chase & Co. now owns 187,189 shares of the oil and gas company’s stock valued at $1,999,000 after acquiring an additional 135,869 shares during the period. Finally, Polar Asset Management Partners Inc. increased its stake in shares of North American Construction Group by 113.8% during the second quarter. Polar Asset Management Partners Inc. now owns 1,337,818 shares of the oil and gas company’s stock valued at $14,448,000 after acquiring an additional 712,015 shares during the period. 55.97% of the stock is currently owned by hedge funds and other institutional investors.

NOA opened at $10.17 on Thursday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.83 and a quick ratio of 0.72. The company has a market cap of $278.97 million, a price-to-earnings ratio of 24.21 and a beta of 0.57. The firm has a 50 day simple moving average of $11.71 and a 200 day simple moving average of $11.49. North American Construction Group has a fifty-two week low of $7.82 and a fifty-two week high of $13.62.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $0.27 earnings per share for the quarter. The company had revenue of $132.28 million during the quarter. North American Construction Group had a net margin of 4.33% and a return on equity of 18.75%. As a group, analysts expect that North American Construction Group will post 1.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Saturday, August 31st were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.59%. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, August 29th. North American Construction Group’s dividend payout ratio (DPR) is currently 28.57%.

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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