North American Construction Group (TSE:NOA) Trading Up 13.7% – Still a Buy?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) shares rose 13.7% during trading on Thursday . The stock traded as high as C$27.53 and last traded at C$27.21. Approximately 22,064 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 65,813 shares. The stock had previously closed at C$23.93.

Analyst Upgrades and Downgrades

NOA has been the topic of several research analyst reports. Canaccord Genuity Group dropped their price objective on North American Construction Group from C$34.00 to C$30.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Raymond James lowered their price target on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. TD Securities reduced their price objective on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Ventum Financial reduced their price objective on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, National Bankshares reduced their price objective on North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$36.13.

North American Construction Group Price Performance

The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The company has a market cap of C$711.29 million, a PE ratio of 15.03, a P/E/G ratio of 0.79 and a beta of 1.59. The stock has a 50-day simple moving average of C$25.14 and a 200 day simple moving average of C$26.61.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.79 by C$0.06. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. The business had revenue of C$276.31 million during the quarter, compared to analysts’ expectations of C$314.61 million. Equities analysts expect that North American Construction Group Ltd. will post 4.0597484 EPS for the current year.

Insider Activity

In other news, Director Maryse C. Saint-Laurent acquired 2,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of C$25.88 per share, with a total value of C$51,760.00. In other North American Construction Group news, Director Martin Robert Ferron acquired 7,000 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of C$23.70 per share, with a total value of C$165,900.00. Also, Director Maryse C. Saint-Laurent acquired 2,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of C$25.88 per share, with a total value of C$51,760.00. Over the last ninety days, insiders bought 12,000 shares of company stock valued at $290,121. 8.93% of the stock is currently owned by corporate insiders.

About North American Construction Group

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.