BMO Capital Markets Increases STEP Energy Services (TSE:STEP) Price Target to C$5.00

STEP Energy Services (TSE:STEP - Get Free Report) had its target price hoisted by equities research analysts at BMO Capital Markets from C$4.75 to C$5.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets' price target would indicate a potential upside of 17.37% from the stock's current price.

Other equities analysts have also issued research reports about the company. ATB Capital dropped their price objective on STEP Energy Services from C$7.00 to C$6.50 in a research note on Monday, April 8th. Raymond James cut their price objective on shares of STEP Energy Services from C$6.25 to C$5.50 and set an "outperform" rating for the company in a report on Wednesday, March 13th. Royal Bank of Canada lowered their target price on shares of STEP Energy Services from C$5.50 to C$4.75 and set a "sector perform" rating on the stock in a report on Wednesday, March 13th. Finally, Stifel Nicolaus cut shares of STEP Energy Services from a "buy" rating to a "hold" rating and cut their target price for the company from C$6.00 to C$4.50 in a research note on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$5.46.

STEP Energy Services Price Performance

Shares of STEP traded up C$0.27 during trading hours on Thursday, reaching C$4.26. 353,516 shares of the stock traded hands, compared to its average volume of 121,370. The company has a market cap of C$305.91 million, a P/E ratio of 6.36 and a beta of 2.17. The company has a current ratio of 1.37, a quick ratio of 1.11 and a debt-to-equity ratio of 32.47. The company's 50-day moving average price is C$3.93 and its two-hundred day moving average price is C$4.06. STEP Energy Services has a 52-week low of C$2.63 and a 52-week high of C$4.82.

Insider Activity at STEP Energy Services

In other STEP Energy Services news, Senior Officer Stephen Murray Glanville acquired 14,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was acquired at an average price of C$3.59 per share, for a total transaction of C$50,293.60. 0.37% of the stock is currently owned by insiders.

STEP Energy Services Company Profile

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.