National Bank Financial Comments on North American Energy Partners, Inc.’s FY2017 Earnings (NOA)
North American Energy Partners, Inc. (NYSE:NOA) (TSE:NOA) – Analysts at National Bank Financial boosted their FY2017 earnings per share estimates for shares of North American Energy Partners in a research note issued to investors on Wednesday. National Bank Financial analyst M. Sytchev now forecasts that the oil and gas company will post earnings per share of $0.12 for the year, up from their prior estimate of $0.09. National Bank Financial also issued estimates for North American Energy Partners’ Q4 2017 earnings at $0.09 EPS and FY2018 earnings at $0.43 EPS.
Separately, Zacks Investment Research upgraded North American Energy Partners from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Saturday. Four equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $7.00.
North American Energy Partners (NYSE:NOA) opened at $4.45 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $131.41, a price-to-earnings ratio of 150.00 and a beta of 0.64. North American Energy Partners has a 12-month low of $2.95 and a 12-month high of $5.70.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NOA. Russell Investments Group Ltd. raised its stake in shares of North American Energy Partners by 144.7% in the 1st quarter. Russell Investments Group Ltd. now owns 35,687 shares of the oil and gas company’s stock valued at $177,000 after purchasing an additional 21,101 shares during the period. Morgan Stanley raised its stake in shares of North American Energy Partners by 147.8% in the 1st quarter. Morgan Stanley now owns 850,366 shares of the oil and gas company’s stock valued at $4,210,000 after purchasing an additional 507,267 shares during the period. Renaissance Technologies LLC raised its stake in shares of North American Energy Partners by 45.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,068,300 shares of the oil and gas company’s stock valued at $5,288,000 after purchasing an additional 335,040 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of North American Energy Partners in the second quarter valued at about $150,000. Finally, Intact Investment Management Inc. increased its position in shares of North American Energy Partners by 2.9% in the second quarter. Intact Investment Management Inc. now owns 419,300 shares of the oil and gas company’s stock valued at $2,344,000 after acquiring an additional 11,700 shares during the last quarter. 39.67% of the stock is currently owned by hedge funds and other institutional investors.
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 $0.0156 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, November 29th. North American Energy Partners’s dividend payout ratio is 200.00%.
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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