Pi Financial Reiterates Top Pick Rating for North American Energy Partners (NOA)

North American Energy Partners (TSE:NOA) (NYSE:NOA)‘s stock had its “top pick” rating reiterated by equities researchers at Pi Financial in a research note issued on Thursday.

A number of other research firms have also recently commented on NOA. Raymond James Financial raised 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 note on Thursday, February 15th. National Bank Financial raised their target price on shares of North American Energy Partners from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th.

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TSE NOA opened at C$7.11 on Thursday. North American Energy Partners has a 12 month low of C$4.52 and a 12 month high of C$7.48.

North American Energy Partners (TSE:NOA) (NYSE:NOA) last released its earnings results on Tuesday, February 13th. The company reported C$0.09 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.02). North American Energy Partners had a return on equity of 6.80% and a net margin of 2.99%. The firm had revenue of C$82.05 million for the quarter, compared to the consensus estimate of C$75.70 million.

In related news, insider Joseph Charles Lambert acquired 5,900 shares of North American Energy Partners stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average price of C$6.20 per share, for a total transaction of C$36,580.00. Also, insider North American Energy Partners acquired 252,100 shares of North American Energy Partners stock in a transaction dated Thursday, April 5th. The shares were bought at an average price of C$7.15 per share, for a total transaction of C$1,802,515.00. In the last quarter, insiders have bought 583,500 shares of company stock worth $3,978,319 and have sold 30,329 shares worth $212,482.

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North American Energy Partners Company Profile

North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.

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