Zacks Downgrades North American Energy Partners Inc.(USA) to Underperform (NOA)
North American Energy Partners Inc.(USA) (NYSE:NOA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday. They currently have a $6.50 price target on the stock. Zacks‘s price target points to a potential downside of 5.25% from the stock’s previous close.
North American Energy Partners Inc (NYSE:NOA) traded down 2.04% on Tuesday, hitting $6.72. 41,349 shares of the company’s stock traded hands. North American Energy Partners Inc has a one year low of $4.88 and a one year high of $8.50. The stock has a 50-day moving average of $7.49 and a 200-day moving average of $7.27. The company has a market cap of $235.0 million and a price-to-earnings ratio of 3.64.
North American Energy Partners Inc.(USA) (NYSE:NOA) last announced its earnings results on Wednesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.14. The company had revenue of $116.19 million for the quarter, compared to the consensus estimate of $116.77 million. On average, analysts predict that North American Energy Partners Inc will post $0.16 earnings per share for the current fiscal year.
North American Energy Partners Inc (NYSE:NOA) provides a range of heavy construction and mining and pipeline installation services to customers in the Canadian oil sands, industrial construction, commercial and public construction and pipeline construction markets.
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