North American Construction Group (NYSE:NOA) Announces Quarterly Earnings Results

North American Construction Group (NYSE:NOA) (TSE:NOA) posted its quarterly earnings data on Wednesday. The oil and gas company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.11), reports. North American Construction Group had a negative net margin of 0.61% and a positive return on equity of 3.22%. The firm had revenue of $290.24 million for the quarter, compared to analysts’ expectations of $286.62 million.

North American Construction Group Stock Down 1.7%

Shares of NYSE NOA traded down $0.16 during mid-day trading on Friday, reaching $9.28. The company had a trading volume of 143,150 shares, compared to its average volume of 119,639. North American Construction Group has a twelve month low of $8.56 and a twelve month high of $17.26. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.90 and a current ratio of 1.07. The stock has a market capitalization of $255.43 million, a PE ratio of -34.36 and a beta of 1.06. The stock’s 50 day moving average is $12.32 and its 200-day moving average is $13.88.

North American Construction Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Wednesday, November 25th will be paid a C$0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.2%. North American Construction Group’s dividend payout ratio is -125.93%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NOA. Zacks Research upgraded shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. ATB Cormark Capital Markets raised shares of North American Construction Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 26th. Wall Street Zen cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of North American Construction Group in a research report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.