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

STEP Energy Services (TSE:STEPFree Report) had its price target boosted by BMO Capital Markets from C$4.75 to C$5.00 in a report issued on Thursday, BayStreet.CA reports.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada cut their price target on shares of STEP Energy Services from C$5.50 to C$4.75 and set a sector perform rating for the company in a report on Wednesday, March 13th. ATB Capital reduced their price objective on shares of STEP Energy Services from C$7.00 to C$6.50 in a report on Monday, April 8th. Stifel Nicolaus lowered shares of STEP Energy Services from a buy rating to a hold rating and reduced their price objective for the company from C$6.00 to C$4.50 in a report on Wednesday, March 13th. Finally, Raymond James reduced their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of C$5.50.

Read Our Latest Analysis on STEP Energy Services

STEP Energy Services Stock Performance

Shares of TSE:STEP traded up C$0.01 during trading on Thursday, hitting C$4.27. 215,055 shares of the stock traded hands, compared to its average volume of 122,389. The company has a quick ratio of 1.11, a current ratio of 1.37 and a debt-to-equity ratio of 32.47. 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. The company has a fifty day moving average price of C$3.93 and a two-hundred day moving average price of 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 Buying and Selling

In related news, Senior Officer Stephen Murray Glanville bought 14,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were acquired 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.

STEP Energy Services Company Profile

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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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Analyst Recommendations for STEP Energy Services (TSE:STEP)

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