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North American Energy Partners, Inc. (NOA) [hlAlert]

down 65.58 %

North American Energy Partners, Inc. (NOA) rated Outperform by Raymond James

Posted on: Thursday,  Nov 7, 2013  8:25 AM ET by Raymond James

Raymond James rated Outperform North American Energy Partners, Inc. (NYSE: NOA) on 11/07/2013, when the stock price was $5.87.
Since then, North American Energy Partners, Inc. has lost 65.59% as of 09/01/2015's recent price of $2.02.
If you would have followed this Raymond James's recommendation on NOA, you would have lost 65.58% of your investment in 663 days.

North American Energy Partners Inc. (NAEPI) provides a range of heavy construction and mining, piling and pipeline installation services to customers in the Canadian oil sands, mineral mining, commercial and public construction and conventional oil and gas markets. Its primary market is the Alberta oil sands, where it supports its customers? mining operations and capital projects. NAEPI provides services through all stages of an oil sands project?s lifecycle, its core focus is on providing recurring services, such as contract mining, during the operational phase. As of March 31, 2009, the Company?s recurring services represented 65% of its oil sands business. NAEPI?s principal oil sands customers include four of the producers that are mining bitumen in Alberta: Syncrude Canada Ltd.1, Suncor Energy Inc., Albian Sands Energy Inc.2 and Canadian Natural Resources Limited. The Company?s business is organized into three operating segments: Heavy Construction and Mining, Piling and Pipeline.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/7/2013 8:25 AM Buy
as of 12/13/2013
1 Week down  -0.17 %
1 Month down  -4.63 %
3 Months down  -5.28 %
1 YTD down  -5.28 %

(*) Stock Price at the time of the recommendation.
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