STEP Energy Services Ltd. (TSE:STEP - Get Free Report)'s stock price fell 1% on Tuesday . The company traded as low as C$3.86 and last traded at C$3.87. 21,500 shares were traded during trading, a decline of 57% from the average session volume of 50,585 shares. The stock had previously closed at C$3.91.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on STEP. Raymond James cut shares of STEP Energy Services from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from C$5.50 to C$5.00 in a report on Wednesday, April 9th. Royal Bank of Canada dropped their target price on shares of STEP Energy Services from C$5.00 to C$4.25 and set a "sector perform" rating on the stock in a report on Thursday, April 17th.
Read Our Latest Analysis on STEP
STEP Energy Services Stock Performance
The company has a debt-to-equity ratio of 22.04, a quick ratio of 1.11 and a current ratio of 1.39. The stock's fifty day moving average is C$3.88 and its two-hundred day moving average is C$4.26. The firm has a market cap of C$271.91 million, a price-to-earnings ratio of 6.58 and a beta of 2.07.
Insider Buying and Selling
In related news, Director Edward David Lafehr bought 25,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of C$3.90 per share, for a total transaction of C$97,500.00. Also, Senior Officer Bradley James Mcfarlane sold 13,413 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of C$3.95, for a total transaction of C$52,981.35. Insiders have sold a total of 28,140 shares of company stock valued at $109,824 in the last quarter. 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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