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 analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$5.21.

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

Insiders Place Their Bets

In other news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the 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. 0.50% of the stock is currently owned by corporate insiders.

STEP Energy Services Stock Up 2.0 %

TSE:STEP opened at C$4.50 on Monday. STEP Energy Services has a one year low of C$3.37 and a one year high of C$5.26. The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11. The company has a market cap of C$322.56 million, a PE ratio of 5.00 and a beta of 2.07. The firm’s 50 day simple moving average is C$4.76 and its 200 day simple moving average is C$4.25.

About STEP Energy Services

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.