STEP Energy Services (TSE:STEP) Price Target Cut to C$5.50 by Analysts at Raymond James

STEP Energy Services (TSE:STEP - Get Free Report) had its price target decreased by research analysts at Raymond James from C$5.75 to C$5.50 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James' price target indicates a potential upside of 36.82% from the company's previous close.

A number of other research analysts also recently issued reports on the company. Cormark upgraded STEP Energy Services from a "tender" rating to a "buy" rating and boosted their price target for the company from C$5.00 to C$5.50 in a report on Monday, January 6th. 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 research note on Monday, December 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, STEP Energy Services presently has an average rating of "Moderate Buy" and an average target price of C$5.14.

STEP Energy Services Trading Down 0.7 %

TSE:STEP traded down C$0.03 during midday trading on Thursday, reaching C$4.02. 12,800 shares of the stock traded hands, compared to its average volume of 87,187. The stock has a market capitalization of C$287.65 million, a P/E ratio of 6.96 and a beta of 2.07. STEP Energy Services has a 12 month low of C$3.39 and a 12 month 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. The company has a fifty day moving average of C$4.41 and a 200 day moving average of C$4.33.

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 on Tuesday, December 24th. The stock was sold at an average price of C$4.20, for a total transaction of C$75,604.20. Insiders own 0.50% of the company's stock.

STEP Energy Services Company Profile

STEP Energy Services is an energy services company that provides coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.

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