Insider Buying: North American Construction Group Ltd (TSE:NOA) Director Acquires 2,000 Shares of Stock

North American Construction Group Ltd (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 2,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of C$15.65 per share, for a total transaction of C$31,300.00. Following the purchase, the director now directly owns 1,876,871 shares of the company’s stock, valued at approximately C$29,373,031.15.

TSE:NOA traded up C$0.20 during mid-day trading on Friday, hitting C$15.59. The company had a trading volume of 14,300 shares, compared to its average volume of 82,736. North American Construction Group Ltd has a fifty-two week low of C$9.25 and a fifty-two week high of C$18.36. The business’s fifty day moving average is C$14.47 and its two-hundred day moving average is C$15.22.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Saturday, August 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.51%. The ex-dividend date is Thursday, August 29th.

Several equities analysts have weighed in on NOA shares. National Bank Financial increased their target price on North American Construction Group from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Raymond James increased their target price on North American Construction Group from C$22.00 to C$26.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd.

About North American Construction Group

North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.

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Insider Buying and Selling by Quarter for North American Construction Group (TSE:NOA)

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