North American Construction Group (NYSE:NOA) Releases Earnings Results, Misses Expectations By $0.23 EPS

North American Construction Group (NYSE:NOA) (TSE:NOA) posted its quarterly earnings data on Wednesday. The oil and gas company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.23), Zacks reports. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%.

North American Construction Group Trading Down 2.8%

Shares of NYSE:NOA traded down $0.34 during trading on Wednesday, hitting $11.46. 148,793 shares of the company’s stock were exchanged, compared to its average volume of 117,530. North American Construction Group has a 1-year low of $10.85 and a 1-year high of $17.26. The firm has a 50-day moving average price of $12.43 and a two-hundred day moving average price of $13.93. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 2.15. The firm has a market cap of $315.63 million, a P/E ratio of 14.51 and a beta of 1.06.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, August 28th were paid a C$0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is 43.04%.

Analyst Ratings Changes

A number of research analysts have commented on NOA shares. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. ATB Cormark Capital Markets upgraded North American Construction Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 26th. Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a research report on Friday, September 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, North American Construction Group currently has a consensus rating of “Hold” and an average price target of $25.75.

About North American Construction Group

North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.

Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.

Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.