Brokerages Set STEP Energy Services Ltd. (TSE:STEP) Target Price at C$5.21

STEP Energy Services Ltd. (TSE:STEPGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$5.21.

A number of analysts have recently commented on STEP shares. Acumen Capital set a C$5.25 price objective on shares of STEP Energy Services in a research report on Friday, October 11th. ATB Capital cut their price target on shares of 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. Raymond James decreased their price objective on STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating for the company in a report on Friday, December 20th. BMO Capital Markets upped their target price on STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th. Finally, Cormark upgraded STEP Energy Services from a “tender” rating to a “buy” rating and raised their price target for the company from C$5.00 to C$5.50 in a research note on Monday, January 6th.

View Our Latest Research Report on STEP

STEP Energy Services Stock Up 2.0 %

Shares of STEP stock opened at C$4.50 on Monday. STEP Energy Services has a 12-month low of C$3.37 and a 12-month high of C$5.26. 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 firm has a fifty day moving average of C$4.76 and a 200-day moving average of C$4.25. The company has a market capitalization of C$322.56 million, a price-to-earnings ratio of 5.00 and a beta of 2.07.

Insider Activity

In other STEP Energy Services news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the business’s 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 transaction 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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Analyst Recommendations for STEP Energy Services (TSE:STEP)

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