STEP Energy Services (TSE:STEP – Free Report) had its target price reduced by ATB Capital from C$7.00 to C$6.50 in a research note published on Monday morning, BayStreet.CA reports.
Other research analysts also recently issued research reports about the stock. Stifel Nicolaus downgraded shares of STEP Energy Services from a buy rating to a hold rating and dropped their target price for the stock from C$6.00 to C$4.50 in a report on Wednesday, March 13th. Raymond James lowered their target price on shares of STEP Energy Services from C$6.25 to C$5.50 and set an outperform rating on the stock in a research note on Wednesday, March 13th. Royal Bank of Canada dropped their price target 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 research report on Wednesday, March 13th. Finally, BMO Capital Markets lowered shares of STEP Energy Services from an outperform rating to a market perform rating and dropped their price target for the stock from C$7.50 to C$4.50 in a research report on Tuesday, March 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of C$5.82.
View Our Latest Research Report on STEP Energy Services
STEP Energy Services Trading Up 0.7 %
Insider Buying and Selling at STEP Energy Services
In other STEP Energy Services news, Senior Officer Stephen Murray Glanville purchased 14,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were purchased at an average cost of C$3.59 per share, for a total transaction of C$50,293.60. Company insiders own 0.43% of the company’s stock.
About STEP Energy Services
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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