North American Energy Partners, Inc. (NYSE:NOA) (TSE:NOA) - Research analysts at National Bank Financial issued their Q2 2017 EPS estimates for shares of North American Energy Partners in a research note issued on Wednesday. National Bank Financial analyst M. Sytchev anticipates that the oil and gas company will earn ($0.16) per share for the quarter. National Bank Financial currently has a “Outperform” rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised North American Energy Partners from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Thursday, May 25th. Canaccord Genuity reissued a “buy” rating and issued a $9.00 price objective on shares of North American Energy Partners in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $6.88.
Shares of North American Energy Partners (NYSE:NOA) opened at 4.30 on Monday. North American Energy Partners has a 52 week low of $2.34 and a 52 week high of $5.70. The stock’s 50 day moving average price is $4.42 and its 200-day moving average price is $4.72. The company has a market cap of $118.39 million, a PE ratio of 57.33 and a beta of 0.64.
The business also recently announced a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Wednesday, May 31st were given a dividend of $0.0147 per share. The ex-dividend date was Friday, May 26th. This represents a $0.06 annualized dividend and a dividend yield of 1.36%. North American Energy Partners’s payout ratio is 100.00%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in shares of North American Energy Partners by 151.7% in the first quarter. Acadian Asset Management LLC now owns 1,252,322 shares of the oil and gas company’s stock valued at $6,197,000 after buying an additional 754,745 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of North American Energy Partners by 45.7% in the first quarter. Renaissance Technologies LLC now owns 1,068,300 shares of the oil and gas company’s stock valued at $5,288,000 after buying an additional 335,040 shares during the last quarter. Morgan Stanley boosted its position in shares of North American Energy Partners by 147.8% in the first quarter. Morgan Stanley now owns 850,366 shares of the oil and gas company’s stock valued at $4,210,000 after buying an additional 507,267 shares during the last quarter. Bank of Montreal Can boosted its position in shares of North American Energy Partners by 17.1% in the first quarter. Bank of Montreal Can now owns 801,829 shares of the oil and gas company’s stock valued at $3,969,000 after buying an additional 117,057 shares during the last quarter. Finally, Spark Investment Management LLC bought a new position in shares of North American Energy Partners during the first quarter valued at about $1,880,000. 45.13% of the stock is currently owned by institutional investors.
About North American Energy Partners
North American Energy Partners Inc provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors within Western Canada. The Company’s operating divisions include Heavy Construction and Mining; Industrial, and Tailings & Environmental Construction.
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