NOA FY2024 EPS Estimate Reduced by National Bank Financial

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) – Analysts at National Bank Financial lowered their FY2024 EPS estimates for shares of North American Construction Group in a research note issued on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the oil and gas company will earn $2.47 per share for the year, down from their prior estimate 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.

A number of other equities research analysts have also commented on NOA. Raymond James upgraded North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Finally, CIBC raised shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. 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. According to MarketBeat, the stock presently has an average rating of “Buy”.

North American Construction Group Stock Down 1.4 %

Shares of NYSE NOA opened at $19.64 on Monday. North American Construction Group has a 52-week low of $16.46 and a 52-week high of $25.92. 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 business has a fifty day moving average of $20.68 and a two-hundred day moving average of $19.47. The stock has a market cap of $545.60 million, a PE ratio of 13.64 and a beta of 1.46.

Institutional Investors Weigh In On North American Construction Group

Several hedge funds have recently bought and sold shares of the company. Stephens Inc. AR acquired a new stake in North American Construction Group during the 4th quarter worth $204,000. SkyView Investment Advisors LLC raised its position in shares of North American Construction Group by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 59,371 shares of the oil and gas company’s stock worth $1,110,000 after purchasing an additional 1,049 shares during the period. Barclays PLC lifted its holdings in shares of North American Construction Group by 48.1% during the 3rd quarter. Barclays PLC now owns 20,867 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 6,774 shares in the last quarter. Geode Capital Management LLC grew its position in shares of North American Construction Group by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock valued at $264,000 after purchasing an additional 1,838 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in North American Construction Group during the 3rd quarter worth approximately $185,000. 74.99% of the stock is currently owned by institutional investors and hedge funds.

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.