STEP Energy Services Ltd. (TSE:STEP) Senior Officer Michael Edward Burvill Sells 6,218 Shares of Stock

STEP Energy Services Ltd. (TSE:STEPGet Free Report) Senior Officer Michael Edward Burvill sold 6,218 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$3.53, for a total transaction of C$21,971.30.

STEP Energy Services Stock Performance

TSE STEP opened at C$3.57 on Friday. The company has a market capitalization of C$255.11 million, a PE ratio of 5.33 and a beta of 2.25. The company has a debt-to-equity ratio of 32.47, a quick ratio of 1.11 and a current ratio of 1.37. The company has a 50-day simple moving average of C$4.22 and a 200 day simple moving average of C$4.14. STEP Energy Services Ltd. has a 52-week low of C$2.63 and a 52-week high of C$4.82.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Raymond James cut their price objective on shares of STEP Energy Services from C$6.25 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, March 13th. ATB Capital cut their price target on shares of STEP Energy Services from C$7.50 to C$7.00 in a report on Wednesday, March 13th. Stifel Nicolaus cut shares of STEP Energy Services from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$6.00 to C$4.50 in a research report on Wednesday, March 13th. BMO Capital Markets cut shares of STEP Energy Services from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$7.50 to C$4.50 in a research report on Tuesday, March 12th. Finally, Royal Bank of Canada lowered their price objective on shares of STEP Energy Services from C$5.50 to C$4.75 and set a “sector perform” rating for the company in a research report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, STEP Energy Services has an average rating of “Hold” and an average target price of C$5.89.

Read Our Latest Analysis on STEP Energy Services

STEP Energy Services Company Profile

(Get Free Report)

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.

Further Reading

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