STEP Energy Services Ltd. (TSE:STEP) Director Edward David Lafehr Buys 25,000 Shares

STEP Energy Services Ltd. (TSE:STEP - Get Free Report) Director Edward David Lafehr acquired 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of C$3.90 per share, for a total transaction of C$97,500.00.

STEP Energy Services Price Performance

STEP stock traded down C$0.09 on Wednesday, hitting C$3.91. 12,269 shares of the company's stock traded hands, compared to its average volume of 54,434. The stock has a market cap of C$279.78 million, a price-to-earnings ratio of 6.77 and a beta of 2.07. STEP Energy Services Ltd. has a 1-year low of C$3.35 and a 1-year high of C$5.26. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 22.04. The stock has a fifty day moving average of C$3.95 and a 200-day moving average of C$4.36.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on STEP shares. Raymond James lowered shares of STEP Energy Services from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from C$5.50 to C$5.00 in a research note on Wednesday, April 9th. Royal Bank of Canada lowered their price target on STEP Energy Services from C$5.00 to C$4.25 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th.

STEP Energy Services Company Profile

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.