Shares of STEP Energy Services Ltd. (TSE:STEP - Get Free Report) traded up 0.4% during mid-day trading on Thursday . The company traded as high as C$4.58 and last traded at C$4.55. 10,204 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 45,604 shares. The stock had previously closed at C$4.53.
Wall Street Analyst Weigh In
STEP has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on 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 downgraded STEP Energy Services from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from C$5.50 to C$5.00 in a research note on Wednesday, April 9th.
Check Out Our Latest Stock Analysis on STEP
STEP Energy Services Stock Performance
The company has a 50-day moving average price of C$4.16 and a two-hundred day moving average price of C$4.19. The company has a quick ratio of 1.11, a current ratio of 1.39 and a debt-to-equity ratio of 22.04. The company has a market capitalization of C$323.43 million, a PE ratio of 7.83 and a beta of 2.07.
Insider Transactions at STEP Energy Services
In related news, Director Edward David Lafehr acquired 25,000 shares of STEP Energy Services stock in a transaction on Thursday, May 22nd. The shares were acquired at an average cost of C$3.90 per share, with a total value of C$97,500.00. Also, Senior Officer Bradley James Mcfarlane acquired 8,300 shares of the stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of C$3.90 per share, with a total value of C$32,370.00. Over the last ninety days, insiders sold 47,741 shares of company stock worth $183,792. Company insiders own 0.50% of the company's stock.
About STEP Energy Services
(
Get Free Report)
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.
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