North American Energy Partners, Inc. (NYSE:NOA) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of North American Energy Partners, Inc. (NYSE:NOA) (TSE:NOA) from a hold rating to a buy rating in a research note published on Saturday, November 4th. The brokerage currently has $5.00 target price on the oil and gas company’s stock.

According to Zacks, “NORTH AMERICAN ENERGY PARTNERS INC. is one of the largest providers of heavy construction, mining, piling and pipeline services in Western Canada. For more than fifty years, NAEP has provided services to large oil, natural gas and resource companies, with a principal focus on the Canadian oil sands. The Company maintains one of the largest independently owned equipment fleets in the region. “

Shares of North American Energy Partners (NYSE:NOA) traded up $0.10 during midday trading on Friday, reaching $4.50. 20,100 shares of the company were exchanged, compared to its average volume of 75,205. North American Energy Partners has a 12-month low of $3.40 and a 12-month high of $5.70. The firm has a market cap of $124.75, a PE ratio of 146.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 0.97.

COPYRIGHT VIOLATION WARNING: “North American Energy Partners, Inc. (NYSE:NOA) Stock Rating Upgraded by Zacks Investment Research” was first published by BBNS and is owned by of BBNS. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://baseballnewssource.com/markets/north-american-energy-partners-inc-noa-upgraded-at-zacks-investment-research/1758886.html.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.0156 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.06 annualized dividend and a dividend yield of 1.38%. North American Energy Partners’s dividend payout ratio is currently 200.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NOA. 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 worth $4,210,000 after acquiring an additional 507,267 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 worth $5,288,000 after acquiring an additional 335,040 shares during the last quarter. Signia Capital Management LLC boosted its position in shares of North American Energy Partners by 54.3% in the second quarter. Signia Capital Management LLC now owns 591,062 shares of the oil and gas company’s stock worth $2,600,000 after acquiring an additional 207,958 shares during the last quarter. AJO LP boosted its position in shares of North American Energy Partners by 118.6% in the second quarter. AJO LP now owns 300,214 shares of the oil and gas company’s stock worth $1,321,000 after acquiring an additional 162,891 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its position in shares of North American Energy Partners by 22.7% in the third quarter. Intact Investment Management Inc. now owns 514,567 shares of the oil and gas company’s stock worth $2,727,000 after acquiring an additional 95,267 shares during the last quarter. 38.95% of the stock is currently owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on North American Energy Partners (NOA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for North American Energy Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Energy Partners Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.