STEP Energy Services (TSE:STEP) Trading Down 0.7% – What’s Next?

Shares of STEP Energy Services Ltd. (TSE:STEP) dropped 0.7% on Friday . The company traded as low as C$4.52 and last traded at C$4.52. Approximately 7,131 shares changed hands during trading, a decline of 93% from the average daily volume of 108,726 shares. The stock had previously closed at C$4.55.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on STEP shares. Raymond James dropped their price target on shares of STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. ATB Capital dropped their target price on shares of STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Cormark upgraded shares of STEP Energy Services from a “tender” rating to a “buy” rating and upped their target price for the company from C$5.00 to C$5.50 in a research note on Monday, January 6th. Finally, BMO Capital Markets lifted their price target on STEP Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$5.21.

STEP Energy Services Stock Down 0.7 %

The stock’s fifty day simple moving average is C$4.44 and its two-hundred day simple moving average is C$4.31. The company has a debt-to-equity ratio of 22.04, a current ratio of 1.39 and a quick ratio of 1.11. The company has a market capitalization of C$323.43 million, a price-to-earnings ratio of 7.83 and a beta of 2.07.

Insider Buying and Selling

In other STEP Energy Services news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$4.20, for a total value of C$75,604.20. 0.50% of the stock is owned by company 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.