STEP Energy Services (TSE:STEP) Stock Rating Upgraded by Cormark

Cormark upgraded shares of STEP Energy Services (TSE:STEP) from a tender rating to a buy rating in a report released on Monday morning,BayStreet.CA reports. They currently have C$5.50 target price on the stock, up from their previous target price of C$5.00.

Other equities research analysts have also recently issued reports about the stock. ATB Capital decreased 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 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. BMO Capital Markets increased their price objective on STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th. Finally, Raymond James decreased their target price on 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$5.21.

STEP Energy Services Stock Performance

TSE:STEP opened at C$4.36 on Monday. STEP Energy Services has a 12-month low of C$3.37 and a 12-month high of C$5.26. The firm has a market cap of C$312.52 million, a PE ratio of 4.84 and a beta of 2.07. 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 fifty day moving average price of C$4.68 and a 200 day moving average price of C$4.24.

Insider Buying and Selling at STEP Energy Services

In other news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$4.20, for a total value of C$75,604.20. 0.50% of the stock is currently owned by corporate insiders.

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.