Analyzing North American Energy Partners (NOA) and Its Rivals

North American Energy Partners (NYSE: NOA) is one of 31 public companies in the “Oil & gas field services, not elsewhere classified” industry, but how does it compare to its rivals? We will compare North American Energy Partners to similar companies based on the strength of its earnings, institutional ownership, risk, valuation, profitability, analyst recommendations and dividends.

Institutional and Insider Ownership

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54.3% of North American Energy Partners shares are held by institutional investors. Comparatively, 58.8% of shares of all “Oil & gas field services, not elsewhere classified” companies are held by institutional investors. 17.0% of shares of all “Oil & gas field services, not elsewhere classified” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Risk and Volatility

North American Energy Partners has a beta of 0.43, meaning that its stock price is 57% less volatile than the S&P 500. Comparatively, North American Energy Partners’ rivals have a beta of 1.31, meaning that their average stock price is 31% more volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent ratings for North American Energy Partners and its rivals, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
North American Energy Partners 0 0 2 0 3.00
North American Energy Partners Competitors 237 1126 1710 75 2.52

North American Energy Partners presently has a consensus price target of $9.00, indicating a potential upside of 60.71%. As a group, “Oil & gas field services, not elsewhere classified” companies have a potential upside of 29.44%. Given North American Energy Partners’ stronger consensus rating and higher probable upside, equities research analysts plainly believe North American Energy Partners is more favorable than its rivals.

Dividends

North American Energy Partners pays an annual dividend of $0.06 per share and has a dividend yield of 1.1%. North American Energy Partners pays out 42.9% of its earnings in the form of a dividend. As a group, “Oil & gas field services, not elsewhere classified” companies pay a dividend yield of 3.2% and pay out 182.8% of their earnings in the form of a dividend. North American Energy Partners has increased its dividend for 3 consecutive years.

Profitability

This table compares North American Energy Partners and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
North American Energy Partners 1.82% 3.53% 1.42%
North American Energy Partners Competitors -4.61% -0.23% -1.17%

Valuation & Earnings

This table compares North American Energy Partners and its rivals revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
North American Energy Partners $225.58 million $4.06 million 40.00
North American Energy Partners Competitors $3.85 billion $113.38 million -5.16

North American Energy Partners’ rivals have higher revenue and earnings than North American Energy Partners. North American Energy Partners is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Summary

North American Energy Partners beats its rivals on 8 of the 15 factors compared.

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. Its services include site clearing and access road construction; site development and underground utility installation; construction and relocation of mine site infrastructure; stripping, muskeg removal, and overburden removal; heavy equipment and labor supply; material hauling; and mine reclamation, and tailings pond construction and maintenance. The company also provides site development services for plants and refineries, including in situ oil sands facilities; and heavy and light civil construction services for various resource infrastructure projects. In addition, it offers heavy equipment maintenance services. Further, the company maintains a fleet of heavy and ancillary equipment for its maintenance and repair centers; and operates running maintenance and repair facilities at its oil sands mine sites. North American Energy Partners Inc. was founded in 1953 and is headquartered in Edmonton, Canada.

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