North American Construction Group (TSE:NOA) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.18 and traded as low as C$19.13. North American Construction Group shares last traded at C$19.56, with a volume of 63,526 shares changing hands.

Analysts Set New Price Targets

NOA has been the topic of several research analyst reports. Raymond James Financial lifted their price target on North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. ATB Cormark Capital Markets raised their price objective on North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. BMO Capital Markets raised their price objective on North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Finally, Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective for the company in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$22.71.

North American Construction Group Price Performance

The stock has a fifty day moving average price of C$19.62 and a 200-day moving average price of C$20.17. The company has a market cap of C$501.68 million, a PE ratio of 16.53, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91. The company has a debt-to-equity ratio of 202.48, a current ratio of 1.11 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share (EPS) for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%.The company had revenue of C$319.22 million during the quarter. On average, equities analysts expect that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.

North American Construction Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. North American Construction Group’s dividend payout ratio is 42.86%.

Insiders Place Their Bets

In other North American Construction Group news, Director John Joseph Pollesel bought 2,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was bought at an average cost of C$17.90 per share, with a total value of C$35,800.00. Following the completion of the transaction, the director directly owned 3,500 shares of the company’s stock, valued at approximately C$62,650. The trade was a 133.33% increase in their position. Also, Director Martin Robert Ferron bought 10,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of C$20.45 per share, with a total value of C$204,500.00. Following the completion of the transaction, the director directly owned 2,285,738 shares of the company’s stock, valued at approximately C$46,743,342.10. This represents a 0.44% increase in their ownership of the stock. Corporate insiders own 8.93% of the company’s stock.

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.