National Bank Financial Comments on North American Energy Partners Inc.’s FY2018 Earnings (NOA)
North American Energy Partners Inc. (TSE:NOA) (NYSE:NOA) – Stock analysts at National Bank Financial reduced their FY2018 EPS estimates for shares of North American Energy Partners in a research report issued on Wednesday. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.43 per share for the year, down from their previous estimate of $0.55. National Bank Financial currently has a “Outperform” rating and a $12.00 price objective on the stock.
Separately, Raymond James Financial lifted 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 note on Thursday, February 15th.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Tuesday, March 6th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, March 5th. North American Energy Partners’s dividend payout ratio (DPR) is currently 57.14%.
In other news, Director Bryan Daniel Pinney bought 10,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of C$4.25 per share, for a total transaction of C$42,500.00. Also, insider North American Energy Partners bought 177,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was purchased at an average price of C$6.29 per share, with a total value of C$1,113,330.00.
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North American Energy Partners Company Profile
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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