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

STEP Energy Services Ltd. (TSE:STEP) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$5.21.

STEP has been the topic of several analyst reports. ATB Capital lowered 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. BMO Capital Markets upped their price objective on shares of STEP Energy Services from C$4.50 to C$5.00 in a research note 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. Raymond James decreased 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, Cormark upgraded STEP Energy Services from a “tender” rating to a “buy” rating and lifted their price objective for the company from C$5.00 to C$5.50 in a research report on Monday, January 6th.

STEP Energy Services Stock Performance

STEP Energy Services stock opened at C$4.50 on Monday. The firm has a market capitalization of C$322.56 million, a P/E ratio of 5.00 and a beta of 2.07. The stock has a fifty day moving average price of C$4.76 and a two-hundred day moving average price of C$4.26. 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 debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11.

Insider Buying and Selling at STEP Energy Services

In related news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$4.20, for a total value of C$75,604.20. Corporate insiders own 0.50% of the company’s stock.

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.