Negative Press Coverage Very Unlikely to Impact North American Construction Group (NYSE:NOA) Stock Price

Press coverage about North American Construction Group (NYSE:NOA) (TSE:NOA) has been trending negative this week, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. North American Construction Group earned a news impact score of -2.88 on their scale. InfoTrie also assigned news headlines about the oil and gas company an news buzz score of 2 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock’s share price in the near future.

Several research firms recently weighed in on NOA. Zacks Investment Research raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, March 5th. National Bank Financial reissued a “buy” rating on shares of North American Construction Group in a research note on Tuesday, April 2nd. ValuEngine raised shares of North American Construction Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, CIBC began coverage on shares of North American Construction Group in a research note on Tuesday, April 16th. They set a “sector outperform” rating on the stock. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $14.00.

North American Construction Group stock traded up $0.38 during midday trading on Wednesday, hitting $13.36. 123,325 shares of the stock were exchanged, compared to its average volume of 105,063. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.88 and a quick ratio of 0.79. The firm has a market capitalization of $351.46 million, a price-to-earnings ratio of 31.81 and a beta of 0.43. North American Construction Group has a 52 week low of $5.35 and a 52 week high of $13.42.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its earnings results on Monday, February 25th. The oil and gas company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $99.13 million for the quarter, compared to the consensus estimate of $68.30 million. North American Construction Group had a net margin of 3.89% and a return on equity of 10.55%. As a group, analysts predict that North American Construction Group will post 1.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, March 12th were issued a $0.0152 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.45%. North American Construction Group’s dividend payout ratio (DPR) is presently 14.29%.

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About North American Construction Group

North American Construction Group Ltd. engages in providing mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands.

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