North American Energy Partners Inc. (TSE:NOA) (NYSE:NOA) rose 5% during mid-day trading on Monday . The company traded as high as C$6.50 and last traded at C$6.35. Approximately 36,472 shares traded hands during trading, an increase of 86% from the average daily volume of 19,583 shares. The stock had previously closed at C$6.05.
NOA has been the subject of a number of recent analyst reports. National Bank Financial increased their target price on shares of North American Energy Partners from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Raymond James Financial increased their target price on shares of North American Energy Partners from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th.
The company has a market capitalization of $167.73, a PE ratio of 47.07 and a beta of 0.25.
In related news, insider North American Energy Partners acquired 177,000 shares of the stock in a transaction on Thursday, January 18th. The stock was purchased 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 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.
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.
Receive News & Ratings for North American Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.