(NOA) North American Construction - Ratings and Ratios

North American Construction Group Ltd (NYSE:NOA) is a leading provider of heavy civil construction and mining services, operating primarily in Australia, Canada, and the United States. The company specializes in delivering end-to-end solutions for resource development and industrial construction projects. Its service portfolio includes mine management for thermal coal mines, construction and operations support in the Canadian oil sands, and heavy equipment rentals for mining operations across commodities such as iron ore, gold, and lithium. Additionally, the company offers maintenance, component remanufacturing, and full equipment rebuild services, along with supplying production-critical components to the mining and construction industries. As of December 31, 2023, the company operated a fleet of 900 heavy equipment units. Formerly known as North American Energy Partners Inc., the company rebranded to North American Construction Group Ltd. in April 2018. Headquartered in Acheson, Canada, it has been in operation since its incorporation in 1953.

Based on the provided data, the 3-month forecast for North American Construction Group Ltd. (NYSE:NOA) suggests potential price movement within a narrow range. The stock is currently trading at $17.72, below its SMA 20 ($18.70) and SMA 50 ($19.98), indicating short-term bearish momentum. However, the forward P/E of 6.31, compared to the current P/E of 13.63, signals potential undervaluation. With an ATR of 0.54, volatility is expected to remain low. Average volume of 51,950 shares suggests moderate liquidity. The stock may test resistance near $19.00 (SMA 50) and support at $17.00 (current price level). Fundamental strength, supported by an RoE of 14.52 and a P/B of 1.76, may attract investors seeking value in the oil & gas equipment and services sector.