STEP Energy Services (TSE:STEP) Given New C$5.50 Price Target at Raymond James

STEP Energy Services (TSE:STEP) had its target price cut by Raymond James from C$5.75 to C$5.50 in a research note released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on STEP. ATB Capital decreased their price target on STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. Cormark raised STEP Energy Services from a “tender” rating to a “buy” rating and upped their price objective for the stock from C$5.00 to C$5.50 in a report on Monday, January 6th.

STEP Energy Services Price Performance

STEP Energy Services stock opened at C$4.21 on Thursday. STEP Energy Services has a one year low of C$3.39 and a one year high of C$5.26. The company has a debt-to-equity ratio of 22.04, a current ratio of 1.39 and a quick ratio of 1.11. The business has a 50 day simple moving average of C$4.40 and a 200 day simple moving average of C$4.33. The company has a market capitalization of C$301.25 million, a PE ratio of 7.29 and a beta of 2.07.

Insider Buying and Selling at STEP Energy Services

In other STEP Energy Services news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$4.20, for a total value of C$75,604.20. Insiders own 0.50% of the company’s stock.

About STEP Energy Services

STEP Energy Services is an energy services company that provides coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.