STEP Energy Services (TSE:STEP – Get Free Report) had its price objective lifted by BMO Capital Markets from C$4.75 to C$5.00 in a research note issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 17.92% from the company’s current price.
Several other research analysts have also issued reports on the stock. Stifel Nicolaus lowered shares of STEP Energy Services from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$6.00 to C$4.50 in a research note on Wednesday, March 13th. Raymond James lowered their price objective on STEP Energy Services from C$6.25 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday, March 13th. ATB Capital cut their target price on STEP Energy Services from C$7.00 to C$6.50 in a research note on Monday, April 8th. Finally, Royal Bank of Canada lowered their price target on 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$5.46.
Get Our Latest Stock Analysis on STEP
STEP Energy Services Stock Up 6.3 %
Insider Activity
In related news, Senior Officer Stephen Murray Glanville acquired 14,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was purchased at an average cost of C$3.59 per share, with a total value of C$50,293.60. Corporate insiders own 0.37% 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.
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