STEP Energy Services (TSE:STEP) Stock Price Down 1.2% – Time to Sell?

STEP Energy Services Ltd. (TSE:STEP)’s share price traded down 1.2% on Friday . The stock traded as low as C$4.25 and last traded at C$4.25. 28,955 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 42,846 shares. The stock had previously closed at C$4.30.

Analyst Ratings Changes

Separately, Royal Bank Of Canada upped their target price on STEP Energy Services from C$4.25 to C$4.50 and gave the company a “sector perform” rating in a report on Thursday, June 26th.

STEP Energy Services Stock Performance

The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 22.04. The firm has a market cap of C$304.11 million, a price-to-earnings ratio of 7.36 and a beta of 2.07. The stock has a fifty day moving average price of C$4.30 and a 200 day moving average price of C$4.18.

Insider Activity

In related news, Senior Officer Stephen Murray Glanville sold 8,082 shares of the stock in a transaction that occurred 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 bought 8,300 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average price of C$3.90 per share, with a total value of C$32,370.00. In the last quarter, insiders have sold 33,216 shares of company stock valued at $126,562. 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.