Analysts Set STEP Energy Services Ltd. (TSE:STEP) PT at C$5.21

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

STEP has been the topic of several recent analyst reports. ATB Capital dropped their target price on shares of STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. Cormark upgraded shares of STEP Energy Services from a “tender” rating to a “buy” rating and lifted their target price for the stock from C$5.00 to C$5.50 in a report on Monday. Acumen Capital set a C$5.25 target price on shares of STEP Energy Services in a report on Friday, October 11th. Raymond James dropped their target price on shares of STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Finally, BMO Capital Markets lifted their target price on shares of STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th.

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 dated Tuesday, December 24th. The shares were sold at an average price of C$4.20, for a total transaction of C$75,604.20. Insiders own 0.50% of the company’s stock.

STEP Energy Services Stock Down 3.1 %

STEP stock opened at C$4.39 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45. STEP Energy Services has a 1 year low of C$3.37 and a 1 year high of C$5.26. The company has a fifty day simple moving average of C$4.70 and a 200 day simple moving average of C$4.24. The firm has a market cap of C$314.68 million, a PE ratio of 4.88 and a beta of 2.07.

About STEP Energy Services

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.