North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Separately, TD Cowen upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th.
Get Our Latest Analysis on NOA
North American Construction Group Trading Down 2.0 %
North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) last announced its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). North American Construction Group had a net margin of 5.21% and a return on equity of 19.48%. The firm had revenue of $220.33 million for the quarter, compared to the consensus estimate of $217.28 million. During the same period last year, the business earned $0.71 EPS. As a group, sell-side analysts forecast that North American Construction Group will post 2.99 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of North American Construction Group by 34.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company’s stock worth $133,000 after acquiring an additional 1,615 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of North American Construction Group by 686.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock worth $387,000 after acquiring an additional 15,213 shares during the period. PenderFund Capital Management Ltd. increased its stake in shares of North American Construction Group by 22.5% in the fourth quarter. PenderFund Capital Management Ltd. now owns 24,380 shares of the oil and gas company’s stock worth $508,000 after acquiring an additional 4,480 shares during the period. SkyView Investment Advisors LLC purchased a new stake in North American Construction Group during the first quarter worth $742,000. Finally, Swiss National Bank boosted its holdings in North American Construction Group by 4.4% during the first quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock worth $1,109,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.
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.
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