What North American Construction Group (NOA) Said on Its Q3 Earnings Call
North American Construction Group (NYSE:NOA) raised its 2026 revenue outlook but lowered its adjusted EBITDA forecast after ...
Model output · Signal date 2026-11-06
North American Construction Group Ltd. (NOA) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
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90-day forecast
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Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
28.0%
Spearman, 357 dates
Market Cap
$272M
small-cap · #14 of 18 peers
Summary
North American Construction Group Ltd. (NOA) stock forecast summary
Our AI scores North American Construction Group Ltd. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
North American Construction Group Ltd. is a small-cap company with a market capitalization of $272M. It ranks number 14 by market capitalization among the 18 Oil & Gas Field Services, NEC issuers in our coverage with a current forecast. Its P/E Ratio of 7.61x is the lowest of the 14 peers that report one. Its Current Ratio of 0.88x is the lowest of the 17 peers that report one.
For NOA, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 28.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 25.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, NOA included.
Price
NOA price chart and AI forecast
Cross-section · 2026-11-06
How NOA ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2025-12-31
North American Construction Group Ltd. (NOA) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Oil & Gas Field Services, NEC peers listed below that report each metric. Statement values were filed in CAD and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Valuation & Market
| Metric | NOA | Rank |
|---|---|---|
| Market Cap | $272M | 14/18 |
| P/E Ratio | 7.61x | 14/14 |
| P/B Ratio | 0.82x | 13/16 |
| EPS | $1.24 | – |
| Book Value/Share | $11.54 | – |
Profitability & Margins
| Metric | NOA | Rank |
|---|---|---|
| ROE | 11.4% | 4/11 |
| ROA | 2.9% | 7/10 |
| ROIC | 7.6% | 4/13 |
| Gross Margin | 15.0% | 10/13 |
| Operating Margin | 10.3% | 5/16 |
| Net Margin | 5.0% | 7/11 |
| EBT Margin | 6.9% | 6/17 |
| Tax Rate | 27.4% | – |
Financial Health
| Metric | NOA | Rank |
|---|---|---|
| Current Ratio | 0.88x | 17/17 |
| Quick Ratio | 0.70x | 14/15 |
| D/E Ratio | 2.99x | 2/16 |
| Financial Leverage | 3.99x | 2/13 |
| Interest Coverage | 1.9x | 10/17 |
| Working Capital | -$35M | 16/17 |
Cash Flow
| Metric | NOA | Rank |
|---|---|---|
| Operating Cash Flow | $165M | 11/18 |
| OCF Growth YoY | 58.9% | 3/16 |
Operational Efficiency
| Metric | NOA | Rank |
|---|---|---|
| Inventory Turnover | 9.6x | 9/11 |
| Days Inventory | 38 days | 3/11 |
| Payables Period | 51 days | 6/11 |
Income Statement
| Metric | NOA | Rank |
|---|---|---|
| Operating Income | $77M | 5/17 |
| Net Income | $37M | 7/11 |
| Cost of Goods Sold | $522M | 10/14 |
Dividend & Shareholder Information
| Metric | NOA | Rank |
|---|---|---|
| Shares Outstanding | 29M | – |
| EPS Growth | 37.7% | 3/8 |
Balance Sheet Highlights (USD millions, converted from CAD)
| Total Current Assets | $264M | 19.9% of assets |
| Cash & Short-term Investments | $73M | 5.5% of assets |
| Accounts Receivable | $40M | 3.0% of assets |
| Inventory | $55M | 4.2% of assets |
| Total Liabilities | $993M | 74.9% of assets |
| Short-term Debt | $225M | 17.0% of assets |
Quarterly Financial Reports
NOA quarterly financials and insider trading
Industry Peers · Oil & Gas Field Services, NEC
North American Construction Group Ltd. (NOA) industry peers
Companies classified under the same SEC industry code as North American Construction Group Ltd. (Oil & Gas Field Services, NEC): 18 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| NOA North American Construction Group Ltd. | $272M | |
| SLB Slb Limited/Nv | $73.68B | |
| HAL Halliburton Co | $26.34B | |
| OII Oceaneering International Inc | $3.40B | |
| WBI Waterbridge Infrastructure Llc | $3.06B | |
| WTTR Select Water Solutions, Inc. | $2.24B | |
| NESR National Energy Services Reunited Corp. | $2.01B | |
| LBRT Liberty Energy Inc. | $1.95B | |
| HOS Hornbeck Offshore Services, Inc. | $1.70B | |
| RES Rpc Inc | $1.24B | |
| PUMP Propetro Holding Corp. | $785M | |
| ACDC Profrac Holding Corp. | $547M | |
| NGS Natural Gas Services Group Inc | $344M | |
| RNGR Ranger Energy Services, Inc. | $296M | |
| TUSK Mammoth Energy Services, Inc. | $150M | |
| NINE Nine Energy Service, Inc. | $104M | |
| KLXE Klx Energy Services Holdings, Inc. | $101M | |
| RCON Recon Technology, Ltd | $17M |
Where NOA sits on the market map
Energy & Transportation · Oil & Gas Field Services, NEC
News
North American Construction Group Ltd. (NOA) stock news
North American Construction Group Ltd (TSX:NOA) Q2 2025 Earnings Report Preview: What To Look For
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North American Construction Group Ltd. Announces Pricing of Private Placement Offering of $225 Million Senior Unsecured Notes
ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness. NACG intends to use the net proceeds of the Offering ...
FAQ
North American Construction Group Ltd. (NOA) stock forecast FAQ
What is the North American Construction Group Ltd. (NOA) stock forecast?
Our AI scores North American Construction Group Ltd. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are North American Construction Group Ltd. stock predictions?
For NOA, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 28.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 25.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are North American Construction Group Ltd. forecasts updated?
North American Construction Group Ltd. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are North American Construction Group Ltd.'s industry peers?
18 issuers in our coverage, NOA included, share the SEC industry code Oil & Gas Field Services, NEC. The largest are: Slb Limited/Nv (SLB), Halliburton Co (HAL), Oceaneering International Inc (OII), Waterbridge Infrastructure Llc (WBI), Select Water Solutions, Inc. (WTTR), National Energy Services Reunited Corp. (NESR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.