Analysts Expect North American Energy Partners, Inc. (NOA) to Announce $0.01 EPS

Analysts Expect North American Energy Partners, Inc. (NOA) to Announce $0.01 EPS

North American Energy Partners, Inc. (NYSE:NOA) (TSE:NOA) has earned an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.

Brokerages have set a 1 year consensus price target of $3.80 for the company and are anticipating that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given North American Energy Partners an industry rank of 129 out of 265 based on the ratings given to its competitors.

Several analysts have weighed in on NOA shares. Zacks Investment Research upgraded shares of North American Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Canaccord Genuity assumed coverage on shares of North American Energy Partners in a research report on Monday, October 31st. They set a “buy” rating for the company. Finally, BMO Capital Markets upgraded shares of North American Energy Partners from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 17th.

Shares of North American Energy Partners (NYSE:NOA) opened at 5.25 on Friday. The firm’s market cap is $150.72 million. North American Energy Partners has a 52 week low of $1.39 and a 52 week high of $5.30. The company has a 50 day moving average of $4.13 and a 200 day moving average of $3.16.

The company also recently declared a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Wednesday, November 30th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Monday, November 28th. This represents a $0.06 annualized dividend and a dividend yield of 1.14%. North American Energy Partners’s dividend payout ratio is currently -200.00%.

Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in North American Energy Partners by 17.8% in the third quarter. Morgan Stanley now owns 176,146 shares of the company’s stock valued at $440,000 after buying an additional 26,636 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in North American Energy Partners by 27.6% in the third quarter. Clear Harbor Asset Management LLC now owns 188,197 shares of the company’s stock valued at $470,000 after buying an additional 40,700 shares during the last quarter. K.J. Harrison & Partners Inc increased its stake in North American Energy Partners by 92.7% in the third quarter. K.J. Harrison & Partners Inc now owns 347,500 shares of the company’s stock valued at $874,000 after buying an additional 167,200 shares during the last quarter. Bank of Montreal Can increased its stake in North American Energy Partners by 0.4% in the third quarter. Bank of Montreal Can now owns 563,472 shares of the company’s stock valued at $1,408,000 after buying an additional 2,500 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co bought a new stake in North American Energy Partners during the third quarter valued at $176,000. Institutional investors and hedge funds own 45.69% of the company’s stock.

About North American Energy Partners

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

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