Raymond James Boosts STEP Energy Services (TSE:STEP) Price Target to C$6.25

STEP Energy Services (TSE:STEP) had its price target upped by equities research analysts at Raymond James from C$6.00 to C$6.25 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 51.33% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets raised their price target on STEP Energy Services from C$4.75 to C$5.00 in a research report on Thursday, May 9th. Stifel Nicolaus lifted their target price on STEP Energy Services from C$4.50 to C$4.75 in a research report on Friday, May 10th. Finally, Royal Bank of Canada decreased their target price on STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday.

STEP Energy Services Stock Down 1.4 %

Shares of STEP traded down C$0.06 during mid-day trading on Thursday, reaching C$4.13. The company’s stock had a trading volume of 47,304 shares, compared to its average volume of 104,715. The business has a fifty day moving average of C$4.16 and a 200 day moving average of C$4.13. The company has a market cap of C$294.35 million, a price-to-earnings ratio of 4.30 and a beta of 2.11. STEP Energy Services has a 1 year low of C$3.37 and a 1 year high of C$4.82. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 36.26.

Insider Buying and Selling

In other STEP Energy Services news, Senior Officer Michael Edward Burvill sold 11,425 shares of STEP Energy Services stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of C$3.88, for a total transaction of C$44,349.57. In other STEP Energy Services news, Senior Officer Rory John Will Thompson sold 7,900 shares of STEP Energy Services stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$4.16, for a total transaction of C$32,864.00. Also, Senior Officer Michael Edward Burvill sold 11,425 shares of STEP Energy Services stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of C$3.88, for a total transaction of C$44,349.57. Insiders have sold a total of 32,814 shares of company stock valued at $132,725 over the last three months. 0.50% of the stock is owned by corporate 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.