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STEP Energy Services (STEP) Stock Forecast & Price Target

STEP Energy Services logo
C$5.05 +0.01 (+0.20%)
(As of 11/15/2024 ET)

STEP Energy Services - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
3
Buy
1

Based on 4 Wall Street analysts who have issued ratings for STEP Energy Services in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 3 have given a hold rating, and 1 has given a buy rating for STEP.

Consensus Price Target

C$5.42
7.26% Upside
According to the 4 analysts' twelve-month price targets for STEP Energy Services, the average price target is C$5.42. The highest price target for STEP is C$6.50, while the lowest price target for STEP is C$4.75. The average price target represents a forecasted upside of 7.26% from the current price of C$5.05.
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STEP Analyst Ratings Over Time

TypeCurrent Forecast
11/17/23 to 11/16/24
1 Month Ago
10/18/23 to 10/17/24
3 Months Ago
8/19/23 to 8/18/24
1 Year Ago
11/17/22 to 11/17/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$5.42C$5.33C$5.67C$6.71
Forecasted Upside7.26% Upside45.32% Upside37.54% Upside63.36% Upside
Consensus Rating
Hold
Hold
Hold
Buy

STEP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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STEP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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STEP Energy Services Stock vs. The Competition

TypeSTEP Energy ServicesEnergy Companies
Consensus Rating Score
2.25
2.81
Consensus RatingHoldModerate Buy
News Sentiment Rating
Neutral News

See Recent STEP News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/5/2024BMO Capital Markets
4 of 5 stars
 Boost TargetC$4.50 ➝ C$5.00-1.57%
10/15/2024Raymond James
4 of 5 stars
 Lower TargetC$6.25 ➝ C$6.00+61.72%
10/11/2024Acumen Capital
4 of 5 stars
 Set TargetC$5.25+37.43%
8/8/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$5.50 ➝ C$5.00+20.77%
5/10/2024Stifel Nicolaus
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 Boost TargetC$4.50 ➝ C$4.75+13.10%
4/8/2024ATB Capital
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 Lower TargetC$7.00 ➝ C$6.50+54.76%
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4/12/2023Cormark
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 Lower TargetC$11.00 ➝ C$8.50+156.02%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:47 AM ET.


STEP Forecast - Frequently Asked Questions

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for STEP Energy Services is C$5.42, with a high forecast of C$6.50 and a low forecast of C$4.75.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for STEP Energy Services in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" STEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STEP, but not buy additional shares or sell existing shares.

According to analysts, STEP Energy Services's stock has a predicted upside of 7.26% based on their 12-month stock forecasts.

STEP Energy Services has been rated by research analysts at Acumen Capital, BMO Capital Markets, and Raymond James in the past 90 days.

Analysts like STEP Energy Services less than other "energy" companies. The consensus rating for STEP Energy Services is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how STEP compares to other companies.


This page (TSE:STEP) was last updated on 11/16/2024 by MarketBeat.com Staff
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