STEP Energy Services (TSE:STEP - Free Report) had its price target lifted by Stifel Nicolaus from C$4.50 to C$4.75 in a research note published on Friday morning, BayStreet.CA reports.
A number of other equities analysts also recently commented on the company. BMO Capital Markets increased their price objective on STEP Energy Services from C$4.75 to C$5.00 in a report on Thursday. Raymond James dropped their price objective on STEP Energy Services from C$6.25 to C$5.50 and set an outperform rating on the stock in a report on Wednesday, March 13th. Royal Bank of Canada dropped their price objective on 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, ATB Capital dropped their price objective on STEP Energy Services from C$7.00 to C$6.50 in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, STEP Energy Services currently has an average rating of Hold and a consensus price target of C$5.50.
Read Our Latest Report on STEP Energy Services
STEP Energy Services Trading Up 0.2 %
STEP traded up C$0.01 during trading on Friday, reaching C$4.27. The company had a trading volume of 215,055 shares, compared to its average volume of 122,389. The firm's 50-day simple moving average is C$3.93 and its 200 day simple moving average is C$4.06. The company has a market cap of C$306.63 million, a price-to-earnings ratio of 6.37 and a beta of 2.17. STEP Energy Services has a 12-month low of C$2.63 and a 12-month high of C$4.82. The company has a debt-to-equity ratio of 32.47, a quick ratio of 1.11 and a current ratio of 1.37.
Insider Buying and Selling at STEP Energy Services
In related news, Senior Officer Stephen Murray Glanville purchased 14,000 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were bought at an average price of C$3.59 per share, with a total value of C$50,293.60. Corporate insiders own 0.37% of the company's stock.
About STEP Energy Services
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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.
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