North American Energy Partners, Inc. (NYSE:NOA) (TSE:NOA) – National Bank Financial issued their Q3 2017 earnings estimates for North American Energy Partners in a report released on Thursday. National Bank Financial analyst M. Sytchev expects that the oil and gas company will earn ($0.05) per share for the quarter. National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for North American Energy Partners’ Q4 2017 earnings at $0.07 EPS and FY2017 earnings at $0.09 EPS.

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Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of North American Energy Partners from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research report on Thursday, May 25th. Canaccord Genuity restated a “buy” rating and set a $9.00 price objective on shares of North American Energy Partners in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. North American Energy Partners currently has an average rating of “Buy” and an average target price of $6.88.

North American Energy Partners (NYSE NOA) opened at 3.95 on Monday. The stock has a market capitalization of $108.76 million, a price-to-earnings ratio of 51.30 and a beta of 0.63. North American Energy Partners has a 52-week low of $2.34 and a 52-week high of $5.70. The stock’s 50 day moving average is $4.30 and its 200-day moving average is $4.72.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.016 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.62%. This is an increase from North American Energy Partners’s previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, August 29th. North American Energy Partners’s dividend payout ratio (DPR) is presently 600.00%.

Several hedge funds have recently made changes to their positions in NOA. Acadian Asset Management LLC increased its stake in shares of North American Energy Partners by 151.7% in the first quarter. Acadian Asset Management LLC now owns 1,252,322 shares of the oil and gas company’s stock valued at $6,197,000 after buying an additional 754,745 shares during the last quarter. Morgan Stanley increased its stake in shares of North American Energy Partners by 147.8% in the first quarter. Morgan Stanley now owns 850,366 shares of the oil and gas company’s stock valued at $4,210,000 after buying an additional 507,267 shares during the last quarter. Spark Investment Management LLC purchased a new stake in shares of North American Energy Partners during the first quarter valued at approximately $1,880,000. Renaissance Technologies LLC increased its stake in shares of North American Energy Partners by 45.7% in the first quarter. Renaissance Technologies LLC now owns 1,068,300 shares of the oil and gas company’s stock valued at $5,288,000 after buying an additional 335,040 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of North American Energy Partners by 17.1% in the first quarter. Bank of Montreal Can now owns 801,829 shares of the oil and gas company’s stock valued at $3,969,000 after buying an additional 117,057 shares during the last quarter. Hedge funds and other institutional investors own 45.00% of the company’s stock.

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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