Brokerages Set STEP Energy Services Ltd. (TSE:STEP) Target Price at C$5.21

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

Several equities analysts recently issued reports on the stock. ATB Capital reduced their price target on shares of STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. BMO Capital Markets upped their target price on shares of STEP Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, November 5th. Cormark upgraded shares of STEP Energy Services from a “tender” rating to a “buy” rating and upped their target price for the stock from C$5.00 to C$5.50 in a research note on Monday, January 6th. Finally, Raymond James lowered their price objective on shares of 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.

STEP Energy Services Price Performance

STEP stock opened at C$4.46 on Tuesday. The firm has a market cap of C$319.14 million, a P/E ratio of 7.72 and a beta of 2.07. STEP Energy Services has a 52 week low of C$3.37 and a 52 week high of C$5.26. The company has a debt-to-equity ratio of 22.04, a quick ratio of 1.11 and a current ratio of 1.39. The firm’s fifty day moving average is C$4.42 and its 200 day moving average is C$4.32.

Insider Transactions at STEP Energy Services

In other news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of STEP Energy Services stock in a transaction that occurred 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 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.