STEP Energy Services Ltd. (TSE:STEP) Receives C$5.21 Average PT from Analysts

Shares of STEP Energy Services Ltd. (TSE:STEP) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$5.21.

A number of research firms recently commented on STEP. ATB Capital decreased their price objective on shares of STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. BMO Capital Markets raised their price objective on shares of STEP Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, November 5th. Acumen Capital set a C$5.25 price objective on shares of STEP Energy Services in a research note on Friday, October 11th. Raymond James decreased their price objective on shares of STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Finally, Cormark raised shares of STEP Energy Services from a “tender” rating to a “buy” rating and raised their price objective for the stock from C$5.00 to C$5.50 in a research note on Monday.

Insider Buying and Selling at STEP Energy Services

In related news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of STEP Energy Services stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$4.20, for a total value of C$75,604.20. Company insiders own 0.50% of the company’s stock.

STEP Energy Services Trading Down 3.1 %

Shares of STEP opened at C$4.39 on Monday. The business’s 50-day moving average price is C$4.70 and its 200 day moving average price is C$4.24. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45. The stock has a market capitalization of C$314.68 million, a P/E ratio of 4.88 and a beta of 2.07. STEP Energy Services has a 1-year low of C$3.37 and a 1-year high of C$5.26.

STEP Energy Services Company Profile

STEP Energy Services Ltd., an energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States. It also provides fluid pumping services for coiled tubing operations and involved in standalone projects; pipeline commissioning and maintenance services; fracturing logistics services; and laboratory services.