Stock Mover of the Day: Could North American Energy Partners Inc.(USA) See a Reversal After This Very Strong Session?

Stock Mover of the Day: Could North American Energy Partners Inc.(USA) See a Reversal After This Very Strong Session?

The stock of North American Energy Partners Inc.(USA) (NYSE:NOA) is a huge mover today! The stock increased 8.62% or $0.25 on November 3, hitting $3.15. About 59,539 shares traded hands or 22.97% up from the average. North American Energy Partners Inc.(USA) (NYSE:NOA) has risen 48.24% since April 1, 2016 and is uptrending. It has outperformed by 47.03% the S&P500.
The move comes after 5 months positive chart setup for the $95.98M company. It was reported on Nov, 3 by Barchart.com. We have $5.73 PT which if reached, will make NYSE:NOA worth $78.70M more.

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.”

Another recent and important North American Energy Partners Inc.(USA) (NYSE:NOA) news was published by Seekingalpha.com which published an article titled: “North American Energy Partners’ (NOA) CEO Martin Ferron on Q3 2016 Results …” on November 02, 2016.

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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