STEP Energy Services Ltd. (TSE:STEP) Senior Officer Sells C$75,604.20 in Stock

STEP Energy Services Ltd. (TSE:STEP) Senior Officer Bradley James Mcfarlane sold 18,001 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$4.20, for a total value of C$75,604.20.

STEP Energy Services Stock Down 3.3 %

TSE STEP opened at C$4.12 on Friday. The stock has a 50 day moving average price of C$4.59 and a 200-day moving average price of C$4.24. STEP Energy Services Ltd. has a one year low of C$3.37 and a one year high of C$5.26. The company has a debt-to-equity ratio of 25.45, a quick ratio of 1.11 and a current ratio of 1.47. The company has a market capitalization of C$295.32 million, a P/E ratio of 4.58 and a beta of 2.07.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Acumen Capital set a C$5.25 target price on STEP Energy Services in a research note on Friday, October 11th. Raymond James reduced 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. BMO Capital Markets upped their target price on shares of STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Finally, 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 report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$5.17.

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.