FY2017 EPS Estimates for North American Energy Partners Inc. Lifted by Analyst (NOA)

North American Energy Partners Inc. (TSE:NOA) (NYSE:NOA) – Equities researchers at National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for North American Energy Partners in a report issued on Wednesday, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $0.28 for the year, up from their previous forecast of $0.24. National Bank Financial currently has a “Outperform” rating and a $9.00 price target on the stock. National Bank Financial also issued estimates for North American Energy Partners’ FY2018 earnings at $0.52 EPS.

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Earnings History and Estimates for North American Energy Partners (TSE:NOA)

NOA has been the topic of a number of other research reports. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$9.00 price objective on shares of North American Energy Partners in a research note on Thursday, February 16th. BMO Capital Markets restated an “outperform” rating and set a C$8.00 target price on shares of North American Energy Partners in a report on Friday, January 27th.

North American Energy Partners (TSE:NOA) traded up 0.48% during mid-day trading on Monday, hitting $6.30. The stock had a trading volume of 5,776 shares. The company has a 50 day moving average price of $6.51 and a 200 day moving average price of $5.88. The stock has a market cap of $173.46 million and a P/E ratio of 64.95. North American Energy Partners has a one year low of $3.10 and a one year high of $7.48.

In related news, Director Martin Robert Ferron sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of C$7.23, for a total value of C$216,900.00. Also, insider North American Energy Partners acquired 110,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The stock was purchased at an average cost of C$6.97 per share, with a total value of C$766,700.00. Insiders have purchased 819,100 shares of company stock valued at $5,478,910 over the last 90 days.

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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