STEP Energy Services (TSE:STEP - Get Free Report) was upgraded by investment analysts at Cormark from a "tender" rating to a "buy" rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a C$5.50 price objective on the stock, up from their prior price objective of C$5.00. Cormark's target price would suggest a potential upside of 26.15% from the company's current price.
STEP has been the subject of a number of other research reports. Raymond James reduced their price target on STEP Energy Services from C$6.25 to C$6.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. ATB Capital reduced their target price on STEP Energy Services from C$5.50 to C$5.00 and set an "outperform" rating for the company in a report on Monday, December 23rd. Acumen Capital set a C$5.25 price target on STEP Energy Services in a report on Friday, October 11th. Finally, BMO Capital Markets boosted 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$5.21.
Check Out Our Latest Report on STEP Energy Services
STEP Energy Services Stock Performance
STEP stock remained flat at C$4.36 during mid-day trading on Monday. The company's stock had a trading volume of 59,883 shares, compared to its average volume of 113,480. STEP Energy Services has a 12 month low of C$3.37 and a 12 month high of C$5.26. The business's fifty day moving average price is C$4.68 and its two-hundred day moving average price 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 cap of C$312.52 million, a PE ratio of 4.84 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 company'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. Corporate insiders own 0.50% of the company's stock.
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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