STEP Energy Services Ltd. (TSE:STEP) Receives Average Recommendation of “Moderate Buy” from Analysts

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

Several research firms recently weighed in on STEP. ATB Capital reduced 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. Raymond James decreased their price target on shares of STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Acumen Capital set a C$5.25 price objective on STEP Energy Services in a report on Friday, October 11th. BMO Capital Markets boosted their target price on shares of STEP Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, November 5th. Finally, Cormark upgraded STEP Energy Services from a “tender” rating to a “buy” rating and increased their price target for the stock from C$5.00 to C$5.50 in a research report on Monday, January 6th.

STEP Energy Services Stock Up 2.0 %

Shares of TSE:STEP opened at C$4.50 on Monday. STEP Energy Services has a 12-month low of C$3.37 and a 12-month high of C$5.26. The stock’s 50-day moving average price is C$4.76 and its two-hundred day moving average price is C$4.26. The firm has a market cap of C$322.56 million, a price-to-earnings ratio of 5.00 and a beta of 2.07. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45.

Insider Transactions at STEP Energy Services

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