STEP Energy Services Ltd. (TSE:STEP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

STEP Energy Services Ltd. (TSE:STEP) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$5.21.

A number of equities research analysts have recently weighed in on STEP shares. Acumen Capital set a C$5.25 price objective on shares of STEP Energy Services in a report on Friday, October 11th. BMO Capital Markets raised their price target on shares of STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Cormark upgraded shares of STEP Energy Services from a “tender” rating to a “buy” rating and increased their price objective for the stock from C$5.00 to C$5.50 in a research note on Monday, January 6th. ATB Capital cut their price target on STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. Finally, Raymond James dropped their price objective on shares of STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th.

STEP Energy Services Price Performance

Shares of STEP stock opened at C$4.42 on Friday. The stock’s 50-day simple moving average is C$4.67 and its 200-day simple moving average is C$4.29. The firm has a market capitalization of C$316.83 million, a price-to-earnings ratio of 4.91 and a beta of 2.07. The company has a debt-to-equity ratio of 25.45, a quick ratio of 1.11 and a current ratio of 1.47. STEP Energy Services has a fifty-two week low of C$3.37 and a fifty-two week high of C$5.26.

Insider Activity

In related news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$4.20, for a total transaction of C$75,604.20. Company insiders own 0.50% of the company’s stock.

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.