FY2018 EPS Estimates for North American Construction Group Ltd Increased by National Bank Financial (NOA)

North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) – Equities research analysts at National Bank Financial raised their FY2018 EPS estimates for shares of North American Construction Group in a research note issued to investors on Thursday, October 4th. National Bank Financial analyst M. Sytchev now expects that the oil and gas company will post earnings of $0.47 per share for the year, up from their previous estimate of $0.46. National Bank Financial also issued estimates for North American Construction Group’s Q4 2018 earnings at $0.14 EPS and FY2020 earnings at $1.24 EPS.

Several other equities analysts have also commented on the stock. Zacks Investment Research raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating and set a $8.75 target price on the stock in a report on Saturday, August 25th. ValuEngine raised shares of North American Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 28th.

NOA stock opened at $11.69 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.82 and a current ratio of 0.89. North American Construction Group has a 12 month low of $3.85 and a 12 month high of $12.06. The stock has a market capitalization of $265.13 million, a price-to-earnings ratio of 83.50 and a beta of 0.36.

A number of hedge funds have recently added to or reduced their stakes in NOA. Dimensional Fund Advisors LP bought a new stake in shares of North American Construction Group during the 2nd quarter valued at approximately $129,000. Russell Investments Group Ltd. bought a new stake in shares of North American Construction Group during the 2nd quarter valued at approximately $145,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of North American Construction Group during the 2nd quarter valued at approximately $232,000. Wedge Capital Management L L P NC bought a new stake in shares of North American Construction Group during the 2nd quarter valued at approximately $445,000. Finally, Spark Investment Management LLC bought a new stake in shares of North American Construction Group during the 2nd quarter valued at approximately $808,000. 51.15% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Friday, August 31st were issued a $0.0153 dividend. This represents a $0.06 annualized dividend and a yield of 0.52%. The ex-dividend date was Thursday, August 30th. North American Construction Group’s dividend payout ratio is currently 42.86%.

North American Construction Group Company Profile

North American Construction Group Ltd. provides heavy construction and mining services in Canada. The company offers design build construction; project management; pre-stripping/pit pioneering; overburden removal and stockpile; muskeg removal and stockpile; site dewatering/perimeter ditching; tailings and process pipeline; haulage and access road construction; tailings dam construction and densification; mechanically stabilized earth wall; and dyke construction services.

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