Today’s Market Runner: North American Energy Partners Inc.(USA) Hit 52-Week High

Today's Market Runner: North American Energy Partners Inc.(USA) Hit 52 Week High

The stock of North American Energy Partners Inc.(USA) (NYSE:NOA) hit a new 52-week high and has $4.67 target or 54.00% above today’s $3.03 share price. The 8 months bullish chart indicates low risk for the $95.73M company. The 1-year high was reported on Oct, 19 by If the $4.67 price target is reached, the company will be worth $51.69M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 17,702 shares traded hands. North American Energy Partners Inc.(USA) (NYSE:NOA) has risen 53.85% since March 16, 2016 and is uptrending. It has outperformed by 48.30% the S&P500.

Analysts await North American Energy Partners Inc.(USA) (NYSE:NOA) to report earnings on November, 1 after the close. They expect $-0.07 earnings per share, down 75.00% or $0.03 from last year’s $-0.04 per share. After $-0.12 actual earnings per share reported by North American Energy Partners Inc.(USA) for the previous quarter, Wall Street now forecasts -41.67% EPS growth.

According to Zacks Investment Research, “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.”

More recent North American Energy Partners Inc.(USA) (NYSE:NOA) news were published by: which released: “Update on Holdings in North American Energy Partners Inc.” on November 01, 2013. Also published the news titled: “Sempra U.S. Gas & Power Announces Acquisition of Michigan Wind Project” on July 22, 2016.‘s news article titled: “More job cuts expected for oil workers in 2016” with publication date: December 31, 2015 was also an interesting one.

NOA Company Profile

North American Energy Partners Inc., incorporated on November 28, 2006, provides a range of mining and heavy construction services. The Firm offers its services to clients in the resource development and industrial construction sectors, within Western Canada. The Firm provides construction and activities support services through various stages of an oil sands project’s lifecycle. The Company’s total fleet (owned, leased and rented) includes approximately 380 pieces of diversified heavy construction equipment supported by over 1,750 pieces of ancillary equipment.

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