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

STEP Energy Services Ltd. (TSE:STEP - Get Free Report) has received an average recommendation of "Moderate Buy" from the six analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$5.21.

Several brokerages have recently weighed in on STEP. ATB Capital decreased their price target 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. Raymond James decreased their target price on STEP Energy Services from C$6.25 to C$6.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. Cormark raised STEP Energy Services from a "tender" rating to a "buy" rating and raised their target price for the stock from C$5.00 to C$5.50 in a research note 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 note on Tuesday, November 5th. Finally, Acumen Capital set a C$5.25 target price on STEP Energy Services in a research note on Friday, October 11th.

STEP Energy Services Trading Down 2.9 %

Shares of STEP stock traded down C$0.13 on Friday, hitting C$4.30. The company had a trading volume of 68,894 shares, compared to its average volume of 45,749. The firm has a market cap of C$308.22 million, a P/E ratio of 4.78 and a beta of 2.07. The stock's 50-day moving average is C$4.65 and its two-hundred day moving average is C$4.30. The company has a debt-to-equity ratio of 25.45, a quick ratio of 1.11 and a current ratio of 1.47. STEP Energy Services has a twelve month low of C$3.37 and a twelve month high of C$5.26.

Insider Buying and Selling at STEP Energy Services

In other 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. Insiders own 0.50% of the company's stock.

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.