North American Energy Partners Inc.(USA) (NYSE:NOA) (TSE:NOA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, January 3rd.

According to Zacks, “NORTH AMERICAN ENERGY PARTNERS INC. is one of the largest providers of heavy construction, mining, piling and pipeline services in Western Canada. For more than fifty years, NAEP has provided services to large oil, natural gas and resource companies, with a principal focus on the Canadian oil sands. The Company maintains one of the largest independently owned equipment fleets in the region. “

Shares of North American Energy Partners Inc (NOA) remained flat at $$5.05 during mid-day trading on Wednesday. 12,086 shares of the company’s stock traded hands, compared to its average volume of 34,642. 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 firm has a market cap of $129.57, a PE ratio of 168.33 and a beta of 0.69. North American Energy Partners Inc has a 12-month low of $3.70 and a 12-month high of $5.70.

North American Energy Partners Inc.(USA) (NYSE:NOA) (TSE:NOA) last posted its quarterly earnings data on Tuesday, October 31st. The oil and gas company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $55.86 million for the quarter, compared to analyst estimates of $58.60 million. North American Energy Partners Inc.(USA) had a return on equity of 1.53% and a net margin of 0.87%. equities analysts expect that North American Energy Partners Inc will post 0.12 earnings per share for the current fiscal year.

In other North American Energy Partners Inc.(USA) news, major shareholder Cannell Capital Llc purchased 26,301 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were purchased at an average cost of $4.26 per share, with a total value of $112,042.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC raised its holdings in shares of North American Energy Partners Inc.(USA) by 63.7% during the 3rd quarter. Boothbay Fund Management LLC now owns 61,780 shares of the oil and gas company’s stock valued at $269,000 after buying an additional 24,043 shares during the period. Signia Capital Management LLC increased its holdings in North American Energy Partners Inc.(USA) by 3.4% during the 3rd quarter. Signia Capital Management LLC now owns 611,010 shares of the oil and gas company’s stock worth $2,657,000 after purchasing an additional 19,948 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in North American Energy Partners Inc.(USA) by 65.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,200 shares of the oil and gas company’s stock worth $244,000 after purchasing an additional 22,200 shares during the last quarter. Intact Investment Management Inc. increased its holdings in North American Energy Partners Inc.(USA) by 22.7% during the 3rd quarter. Intact Investment Management Inc. now owns 514,567 shares of the oil and gas company’s stock worth $2,727,000 after purchasing an additional 95,267 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in North American Energy Partners Inc.(USA) by 5.9% during the 2nd quarter. Royal Bank of Canada now owns 59,904 shares of the oil and gas company’s stock worth $264,000 after purchasing an additional 3,311 shares during the last quarter. 42.88% of the stock is currently owned by institutional investors and hedge funds.

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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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