STEP Energy Services Ltd. (TSE:STEP) Receives C$5.21 Consensus Target Price from Analysts

STEP Energy Services Ltd. (TSE:STEP) has received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$5.21.

A number of equities analysts have weighed in on the company. ATB Capital reduced their price objective on STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. Cormark upgraded STEP Energy Services from a “tender” rating to a “buy” rating and raised their target price for the company from C$5.00 to C$5.50 in a research report on Monday, January 6th. BMO Capital Markets raised their target price on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Finally, Raymond James dropped their target price 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.

STEP Energy Services Stock Performance

TSE STEP opened at C$4.41 on Tuesday. The stock has a 50-day simple moving average of C$4.42 and a two-hundred day simple moving average of C$4.32. The firm has a market capitalization of C$315.56 million, a P/E ratio of 7.64 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. The company has a debt-to-equity ratio of 22.04, a quick ratio of 1.11 and a current ratio of 1.39.

Insider Buying and Selling

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 shares were 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 insiders.

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.