STEP Energy Services Ltd. (TSE:STEP) Senior Officer Sells C$21,971.30 in Stock

STEP Energy Services Ltd. (TSE:STEPGet Free Report) Senior Officer Michael Edward Burvill sold 6,218 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$3.53, for a total transaction of C$21,971.30.

STEP Energy Services Stock Performance

TSE STEP opened at C$3.57 on Friday. The firm’s 50-day moving average is C$4.22 and its two-hundred day moving average is C$4.14. STEP Energy Services Ltd. 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 current ratio of 1.37 and a quick ratio of 1.11. The stock has a market capitalization of C$255.11 million, a P/E ratio of 5.33 and a beta of 2.25.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STEP. BMO Capital Markets lowered shares of STEP Energy Services from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$7.50 to C$4.50 in a report on Tuesday, March 12th. Royal Bank of Canada dropped their target price 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. Stifel Nicolaus lowered shares of STEP Energy Services from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$6.00 to C$4.50 in a report on Wednesday, March 13th. ATB Capital dropped their price objective on shares of STEP Energy Services from C$7.50 to C$7.00 in a report on Wednesday, March 13th. Finally, Raymond James dropped their price objective on shares of STEP Energy Services from C$6.25 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$5.89.

Get Our Latest Analysis on STEP Energy Services

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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