STEP Energy Services Ltd. (TSE:STEP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of STEP Energy Services Ltd. (TSE:STEP) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation 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 a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th. Acumen Capital set a C$5.25 target price on shares of STEP Energy Services in a research note on Friday, October 11th. 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 research report on Monday. Raymond James dropped 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. Finally, ATB Capital decreased their price objective on STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd.

STEP Energy Services Price Performance

Shares of STEP traded up C$0.09 during midday trading on Monday, reaching C$4.45. The stock had a trading volume of 50,604 shares, compared to its average volume of 110,320. The firm’s 50 day moving average price is C$4.66 and its 200-day moving average price is C$4.24. 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 market capitalization of C$318.98 million, a P/E ratio of 4.94 and a beta of 2.07. The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11.

Insider Transactions at STEP Energy Services

In related news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of STEP Energy Services stock in a transaction dated Tuesday, December 24th. The stock was 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 insiders.

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.