STEP Energy Services (TSE:STEP) Stock Price Down 0.9% - Here's Why

STEP Energy Services Ltd. (TSE:STEP - Get Free Report) traded down 0.9% during trading on Wednesday . The stock traded as low as C$4.10 and last traded at C$4.22. 13,145 shares traded hands during trading, a decline of 73% from the average session volume of 48,667 shares. The stock had previously closed at C$4.26.

Analysts Set New Price Targets

STEP has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on shares of STEP Energy Services from C$4.25 to C$4.50 and gave the company a "sector perform" rating in a report on Thursday, June 26th. Raymond James Financial cut shares of STEP Energy Services from an "outperform" rating to a "market perform" rating and dropped their target price for the company from C$5.50 to C$5.00 in a report on Wednesday, April 9th.

STEP Energy Services Stock Up 4.2%

The firm has a market capitalization of C$316.27 million, a PE ratio of 7.65 and a beta of 2.07. The firm's 50-day moving average is C$3.97 and its 200 day moving average is C$4.17. The company has a debt-to-equity ratio of 22.04, a quick ratio of 1.11 and a current ratio of 1.39.

Insiders Place Their Bets

In other news, Senior Officer Bradley James Mcfarlane sold 13,413 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of C$3.95, for a total value of C$52,981.35. Also, Senior Officer Stephen Murray Glanville sold 8,082 shares of STEP Energy Services stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of C$3.81, for a total value of C$30,815.05. Over the last quarter, insiders sold 47,741 shares of company stock worth $183,792. 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.