STEP Energy Services (TSE:STEP) Given New C$4.50 Price Target at Royal Bank Of Canada

STEP Energy Services (TSE:STEP) had its price target lifted by Royal Bank Of Canada from C$4.25 to C$4.50 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, Raymond James Financial cut STEP Energy Services from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$5.50 to C$5.00 in a research report on Wednesday, April 9th.

STEP Energy Services Stock Up 2.7%

Shares of TSE:STEP opened at C$4.24 on Thursday. The stock has a market cap of C$303.39 million, a price-to-earnings ratio of 7.34 and a beta of 2.07. The company has a quick ratio of 1.11, a current ratio of 1.39 and a debt-to-equity ratio of 22.04. STEP Energy Services has a 12-month low of C$3.35 and a 12-month high of C$5.26. The business’s 50 day moving average is C$3.92 and its 200 day moving average is C$4.20.

Insider Activity

In related news, Senior Officer Stephen Murray Glanville sold 8,082 shares of the business’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of C$3.81, for a total transaction of C$30,815.05. Also, Senior Officer Bradley James Mcfarlane sold 13,413 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$3.95, for a total value of C$52,981.35. Insiders have sold 47,741 shares of company stock valued at $183,792 in the last 90 days. Insiders own 0.50% of the company’s stock.

STEP Energy Services Company Profile

STEP Energy Services is an energy services company that provides coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.