North American Energy Partners (NOA) Stock Price Up 6.4%

North American Energy Partners Inc. (TSE:NOA) (NYSE:NOA)’s share price rose 6.4% during trading on Tuesday . The stock traded as high as C$5.65 and last traded at C$5.65. Approximately 8,940 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 18,917 shares. The stock had previously closed at C$5.31.

Separately, National Bank Financial increased their target price on North American Energy Partners from C$9.50 to C$11.50 and gave the company an “outperform” rating in a report on Thursday, January 11th.

The firm has a market cap of $145.84, a P/E ratio of 141.25 and a beta of 0.25.

In related news, insider North American Energy Partners acquired 177,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was bought at an average price of C$6.29 per share, for a total transaction of C$1,113,330.00. Also, Director Bryan Daniel Pinney acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was bought at an average price of C$4.25 per share, with a total value of C$42,500.00.

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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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