NOA FY2024 EPS Estimate Cut by National Bank Financial

North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA - National Bank Financial cut their FY2024 earnings estimates for shares of North American Construction Group in a research report issued on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the oil and gas company will post earnings per share of $2.47 for the year, down from their previous forecast of $2.73. The consensus estimate for North American Construction Group's current full-year earnings is $2.65 per share. National Bank Financial also issued estimates for North American Construction Group's Q4 2024 earnings at $0.69 EPS and FY2025 earnings at $2.69 EPS.

Other research analysts have also issued reports about the stock. CIBC upgraded shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a research note on Thursday, December 5th. Cibc World Mkts upgraded shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Finally, Raymond James upgraded shares of North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy".

North American Construction Group Stock Down 2.5 %

Shares of North American Construction Group stock traded down $0.50 during trading on Monday, hitting $19.82. The company's stock had a trading volume of 46,354 shares, compared to its average volume of 56,019. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13. The company has a fifty day simple moving average of $20.68 and a two-hundred day simple moving average of $19.47. The company has a market capitalization of $550.54 million, a PE ratio of 13.76 and a beta of 1.46. North American Construction Group has a 52 week low of $16.46 and a 52 week high of $25.92.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.089 per share. This is a positive change from North American Construction Group's previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, November 27th. North American Construction Group's dividend payout ratio (DPR) is currently 25.69%.

Institutional Trading of North American Construction Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of North American Construction Group by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 154,078 shares of the oil and gas company's stock valued at $2,971,000 after acquiring an additional 5,567 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of North American Construction Group by 26.7% during the 2nd quarter. Marshall Wace LLP now owns 144,838 shares of the oil and gas company's stock valued at $2,792,000 after acquiring an additional 30,535 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of North American Construction Group by 240.4% during the 2nd quarter. Millennium Management LLC now owns 225,336 shares of the oil and gas company's stock valued at $4,344,000 after acquiring an additional 159,142 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of North American Construction Group by 3.3% during the 2nd quarter. Mackenzie Financial Corp now owns 1,232,145 shares of the oil and gas company's stock valued at $23,762,000 after acquiring an additional 39,480 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its holdings in shares of North American Construction Group by 75.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company's stock valued at $1,124,000 after acquiring an additional 25,003 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.