STEP Energy Services Ltd. (TSE:STEP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of STEP Energy Services Ltd. (TSE:STEP) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$5.21.

A number of equities analysts have issued reports on the company. ATB Capital reduced their target price on 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. Raymond James decreased their price objective on shares of 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. Cormark upgraded shares of STEP Energy Services from a “tender” rating to a “buy” rating and increased their target price for the stock from C$5.00 to C$5.50 in a report on Monday. Acumen Capital set a C$5.25 price objective on shares of STEP Energy Services in a research report on Friday, October 11th. Finally, BMO Capital Markets boosted their target price on STEP Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, November 5th.

STEP Energy Services Trading Up 2.1 %

STEP traded up C$0.09 during trading on Monday, reaching C$4.45. 50,604 shares of the company’s stock were exchanged, compared to its average volume of 110,320. The company’s fifty day moving average price is C$4.66 and its 200-day moving average price is C$4.24. 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 firm has a market capitalization of C$318.98 million, a PE ratio of 4.94 and a beta of 2.07. STEP Energy Services has a fifty-two week low of C$3.37 and a fifty-two week high of C$5.26.

Insider Transactions at STEP Energy Services

In other STEP Energy Services news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$4.20, for a total transaction of C$75,604.20. 0.50% of the stock is currently owned by 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.