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

Shares of STEP Energy Services Ltd. (TSE:STEP - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$5.21.

A number of equities research analysts recently weighed in on the stock. Cormark upgraded shares of 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 note on Monday. ATB Capital reduced their price target on shares of 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. BMO Capital Markets increased their price objective on shares of STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th. 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 report on Friday, December 20th. Finally, Acumen Capital set a C$5.25 price target on STEP Energy Services in a research note on Friday, October 11th.

Insider Buying and Selling

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

STEP Energy Services Stock Performance

STEP remained flat at C$4.36 during trading hours on Monday. The company had a trading volume of 59,883 shares, compared to its average volume of 113,480. The business's fifty day moving average is C$4.68 and its 200-day moving average is C$4.24. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 25.45. The stock has a market capitalization of C$312.52 million, a price-to-earnings ratio of 4.84 and a beta of 2.07. STEP Energy Services has a 12-month low of C$3.37 and a 12-month high of C$5.26.

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.