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

Shares of STEP Energy Services Ltd. (TSE:STEP) have been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$5.21.

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

Insider Activity at STEP Energy Services

In related news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the 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. Company insiders own 0.50% of the company’s stock.

STEP Energy Services Price Performance

STEP stock opened at C$4.46 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 22.04. The business has a 50 day simple moving average of C$4.42 and a 200-day simple moving average of C$4.32. STEP Energy Services has a twelve month low of C$3.37 and a twelve month high of C$5.26. The company has a market capitalization of C$319.14 million, a P/E ratio of 7.72 and a beta of 2.07.

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.