STEP Energy Services (TSE:STEP) Shares Down 0.7% – Time to Sell?

STEP Energy Services Ltd. (TSE:STEP) dropped 0.7% during mid-day trading on Friday . The company traded as low as C$4.52 and last traded at C$4.52. Approximately 7,131 shares traded hands during trading, a decline of 93% from the average daily volume of 108,726 shares. The stock had previously closed at C$4.55.

Analyst Upgrades and Downgrades

Several analysts have commented on STEP shares. Raymond James reduced their price objective on STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. BMO Capital Markets boosted their target price on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Cormark raised shares of STEP Energy Services from a “tender” rating to a “buy” rating and upped their price target for the stock from C$5.00 to C$5.50 in a research note on Monday, January 6th. Finally, ATB Capital dropped their price objective on STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$5.21.

STEP Energy Services Stock Down 0.7 %

The firm’s 50 day moving average is C$4.44 and its two-hundred day moving average is C$4.31. The stock has a market cap of C$323.43 million, a price-to-earnings ratio of 7.83 and a beta of 2.07. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 22.04.

Insider Activity at STEP Energy Services

In related news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$4.20, for a total transaction of C$75,604.20. Company insiders own 0.50% of the company’s stock.

STEP Energy Services Company Profile

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.