North American Energy Partners (TSE:NOA) (NYSE:NOA) had its target price lifted by Raymond James Financial from C$7.00 to C$8.00 in a report issued on Thursday. They currently have an outperform rating on the stock.
Separately, National Bank Financial boosted their price target on shares of North American Energy Partners from C$11.50 to C$12.00 and gave the company an outperform rating in a research report on Thursday.
Shares of North American Energy Partners (NOA) opened at C$6.35 on Thursday. North American Energy Partners has a 1 year low of C$4.52 and a 1 year high of C$7.39. The firm has a market cap of $161.62, a price-to-earnings ratio of 45.36 and a beta of 0.25.
In related news, Director Bryan Daniel Pinney purchased 10,000 shares of North American Energy Partners stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of C$4.25 per share, with a total value of C$42,500.00. Also, insider North American Energy Partners purchased 177,000 shares of North American Energy Partners stock in a transaction that occurred on Thursday, January 18th. The stock was bought at an average cost of C$6.29 per share, with a total value of C$1,113,330.00.
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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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