STEP Energy Services Ltd. (TSE:STEP) Receives C$5.21 Consensus Price Target from Analysts

STEP Energy Services Ltd. (TSE:STEP) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$5.21.

A number of analysts have weighed in on the company. ATB Capital lowered their target price on STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. 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 cut their price target on STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Cormark raised STEP Energy Services from a “tender” rating to a “buy” rating and raised their target price for the stock from C$5.00 to C$5.50 in a report on Monday, January 6th. Finally, BMO Capital Markets lifted their price objective on shares of STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th.

Insider Activity at STEP Energy Services

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

STEP Energy Services Trading Up 0.2 %

Shares of STEP stock opened at C$4.43 on Friday. The firm has a market cap of C$317.54 million, a P/E ratio of 4.92 and a beta of 2.07. STEP Energy Services has a 12-month low of C$3.37 and a 12-month high of C$5.26. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 25.45. The company has a 50 day moving average of C$4.65 and a 200-day moving average of C$4.30.

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.