STEP Energy Services Ltd. (TSE:STEP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of STEP Energy Services Ltd. (TSE:STEP) have been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$5.21.

STEP has been the subject of several research analyst reports. ATB Capital lowered their price objective 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 note on Monday, December 23rd. Raymond James decreased their price target on shares of 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 shares of 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 report on Monday, January 6th. Finally, BMO Capital Markets boosted their target price on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th.

Insider Buying and Selling at STEP Energy Services

In related news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the business’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. Company insiders own 0.50% of the company’s stock.

STEP Energy Services Trading Down 0.2 %

Shares of STEP stock opened at C$4.51 on Tuesday. STEP Energy Services has a fifty-two week low of C$3.37 and a fifty-two week 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 stock has a 50 day simple moving average of C$4.43 and a two-hundred day simple moving average of C$4.31. The company has a market cap of C$322.71 million, a P/E ratio of 7.81 and a beta of 2.07.

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.