North American Energy Partners Inc. (TSE:NOA) (NYSE:NOA) – Equities research analysts at National Bank Financial decreased their FY2018 earnings per share (EPS) estimates for shares of North American Energy Partners in a note issued to investors on Wednesday, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now expects that the company will earn $0.43 per share for the year, down from their previous forecast of $0.55. National Bank Financial has a “Outperform” rating and a $12.00 price objective on the stock.
Separately, Raymond James Financial raised their target price on shares of North American Energy Partners from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th.
In other news, insider North American Energy Partners purchased 177,000 shares of the stock in a transaction dated Thursday, January 18th. The shares were acquired at an average cost of C$6.29 per share, for a total transaction of C$1,113,330.00. Also, insider Joseph Charles Lambert purchased 5,900 shares of the stock in a transaction dated Tuesday, March 6th. The stock was purchased at an average price of C$6.20 per share, for a total transaction of C$36,580.00. Insiders bought a total of 188,700 shares of company stock worth $1,178,668 over the last 90 days.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Tuesday, March 6th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Monday, March 5th. North American Energy Partners’s dividend payout ratio is currently 57.14%.
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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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