North American Energy Partners Inc.(USA) (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Stockholders of record on Tuesday, March 6th will be paid a dividend of 0.0159 per share by the oil and gas company on Friday, April 6th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, March 5th. This is a positive change from North American Energy Partners Inc.(USA)’s previous quarterly dividend of $0.02.
North American Energy Partners Inc.(USA) has raised its dividend payment by an average of 3.3% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. North American Energy Partners Inc.(USA) has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect North American Energy Partners Inc.(USA) to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 14.0%.
Shares of North American Energy Partners Inc (NOA) traded down $0.05 during midday trading on Wednesday, hitting $4.55. The stock had a trading volume of 20,279 shares, compared to its average volume of 34,157. North American Energy Partners Inc has a 1 year low of $3.70 and a 1 year high of $5.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market cap of $107.04, a PE ratio of 153.33 and a beta of 0.57.
A number of research analysts have recently commented on the company. Zacks Investment Research cut North American Energy Partners Inc.(USA) from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price target on shares of North American Energy Partners Inc.(USA) in a research report on Tuesday, January 16th. Finally, ValuEngine cut North American Energy Partners Inc.(USA) from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
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North American Energy Partners Inc.(USA) Company Profile
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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