North American Construction Group (TSE:NOA) Issues Quarterly Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) announced its earnings results on Wednesday. The company reported C($0.14) EPS for the quarter, FiscalAI reports. North American Construction Group had a return on equity of 9.34% and a net margin of 3.00%.The company had revenue of C$305.58 million for the quarter.

North American Construction Group Stock Performance

TSE:NOA traded up C$0.12 during mid-day trading on Wednesday, hitting C$22.80. 76,718 shares of the company traded hands, compared to its average volume of 87,621. The stock’s fifty day moving average price is C$21.57 and its 200-day moving average price is C$20.25. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 193.35. North American Construction Group has a one year low of C$16.78 and a one year high of C$25.05. The firm has a market cap of C$662.91 million, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 0.79 and a beta of 0.70.

Analyst Ratings Changes

NOA has been the topic of several recent research reports. Canadian Imperial Bank of Commerce lowered their price target on North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th. Roth Mkm raised North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. TD Securities decreased their price objective on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating for the company in a report on Friday, December 19th. Finally, National Bank Financial set a C$28.00 target price on shares of North American Construction Group and gave the company an “outperform” rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$28.06.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.