North American Construction Group (NYSE:NOA) Stock Rating Upgraded by Wall Street Zen

North American Construction Group (NYSE:NOA) (TSE:NOA) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

NOA has been the topic of several other reports. BMO Capital Markets reiterated a “market perform” rating on shares of North American Construction Group in a report on Thursday, August 13th. Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a report on Friday, September 4th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. Finally, Zacks Research cut North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.75.

North American Construction Group Trading Up 0.3%

Shares of NOA stock opened at $12.34 on Friday. The company’s 50-day moving average price is $13.54 and its 200-day moving average price is $13.80. 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 stock has a market cap of $340.45 million, a price-to-earnings ratio of 15.61 and a beta of 1.07. North American Construction Group has a twelve month low of $12.07 and a twelve month high of $17.26.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. The firm had revenue of $321.22 million during the quarter, compared to analyst estimates of $246.65 million. As a group, equities analysts predict that North American Construction Group will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd purchased a new position in North American Construction Group during the 2nd quarter valued at about $144,000. Savant Capital LLC purchased a new stake in shares of North American Construction Group during the fourth quarter worth approximately $215,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of North American Construction Group in the 1st quarter valued at $257,000. Cibc World Market Inc. acquired a new stake in North American Construction Group in the second quarter valued at $278,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of North American Construction Group during the 1st quarter worth about $612,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

About North American Construction Group

North American Construction Group Ltd. is a Canadian heavy construction and mining services company headquartered in Acheson, Alberta. The company provides equipment-intensive services to resource and infrastructure customers, with a particular focus on large-scale earthworks and mine development.

Its services include contract mining, mine-site development and reclamation, heavy civil construction, site preparation, road building, overburden removal, materials handling, crushing and aggregate production, and equipment rental and maintenance.