STEP Energy Services Ltd. (TSE:STEP - Get Free Report)'s stock price was down 2.5% on Monday . The stock traded as low as C$4.30 and last traded at C$4.30. Approximately 27,716 shares changed hands during trading, a decline of 39% from the average daily volume of 45,714 shares. The stock had previously closed at C$4.41.
Analyst Ratings Changes
Several equities research analysts recently issued reports on STEP shares. Cormark raised STEP Energy Services from a "tender" rating to a "buy" rating and increased their price objective for the stock from C$5.00 to C$5.50 in a research note on Monday, January 6th. Acumen Capital set a C$5.25 price target on shares of STEP Energy Services in a report on Friday, October 11th. BMO Capital Markets upped their price objective on shares of STEP Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, November 5th. ATB Capital cut their target price 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 report on Monday, December 23rd. Finally, Raymond James lowered their price target on shares of 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, STEP Energy Services presently has an average rating of "Moderate Buy" and a consensus target price of C$5.21.
Check Out Our Latest Analysis on STEP Energy Services
STEP Energy Services Stock Performance
The firm has a fifty day simple moving average of C$4.71 and a 200 day simple moving average of C$4.29. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45. The stock has a market cap of C$308.22 million, a price-to-earnings ratio of 4.78 and a beta of 2.07.
Insider Activity 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 dated 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 currently owned by corporate insiders.
About STEP Energy Services
(
Get Free Report)
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.
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