STEP Energy Services (STEP) – Analysts’ Recent Ratings Changes

STEP Energy Services (TSE: STEP) has recently received a number of price target changes and ratings updates:

• 3/13/2024 – STEP Energy Services had its price target lowered by analysts at Royal Bank of Canada from C$5.50 to C$4.75. They now have a “sector perform” rating on the stock.
• 3/13/2024 – STEP Energy Services had its price target lowered by analysts at Raymond James from C$6.25 to C$5.50. They now have an “outperform” rating on the stock.
• 3/13/2024 – STEP Energy Services was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a C$4.50 price target on the stock, down previously from C$6.00.
• 3/13/2024 – STEP Energy Services had its price target lowered by analysts at ATB Capital from C$7.50 to C$7.00.
• 3/12/2024 – STEP Energy Services was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a C$4.50 price target on the stock, down previously from C$7.50.
• 2/2/2024 – STEP Energy Services had its price target raised by analysts at BMO Capital Markets from C$6.50 to C$7.50.

STEP Energy Services Stock Performance

TSE:STEP traded up C$0.05 during mid-day trading on Thursday, reaching C$3.67. The stock had a trading volume of 84,236 shares, compared to its average volume of 139,367. The company has a debt-to-equity ratio of 32.47, a quick ratio of 1.11 and a current ratio of 1.37. The business has a 50 day simple moving average of C$4.19 and a 200 day simple moving average of C$4.13. STEP Energy Services Ltd. has a twelve month low of C$2.63 and a twelve month high of C$4.82. The firm has a market capitalization of C$262.26 million, a price-to-earnings ratio of 5.48 and a beta of 2.25.

Insider Buying and Selling

In other news, Senior Officer Stephen Murray Glanville bought 14,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of C$3.59 per share, for a total transaction of C$50,293.60. 0.43% of the stock is owned by insiders.

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.