Insider Selling: STEP Energy Services Ltd. (TSE:STEP) Senior Officer Sells 3,289 Shares of Stock

STEP Energy Services Ltd. (TSE:STEP) Senior Officer Tara Lynn Boucher sold 3,289 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of C$3.87, for a total value of C$12,740.27.

STEP Energy Services Price Performance

Shares of STEP Energy Services stock traded down C$0.02 during trading on Thursday, hitting C$3.92. The stock had a trading volume of 57,160 shares, compared to its average volume of 120,348. The firm has a market cap of C$279.38 million, a price-to-earnings ratio of 4.10 and a beta of 2.16. STEP Energy Services Ltd. has a 12 month low of C$2.63 and a 12 month high of C$4.82. The business’s 50-day moving average is C$3.91 and its 200 day moving average is C$4.05. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 36.26.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on STEP shares. Royal Bank of Canada dropped their price objective on STEP Energy Services from C$5.50 to C$4.75 and set a “sector perform” rating on the stock in a research note on Wednesday, March 13th. Raymond James dropped their target price on STEP Energy Services from C$6.25 to C$5.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 13th. ATB Capital dropped their target price on STEP Energy Services from C$7.00 to C$6.50 in a research report on Monday, April 8th. Stifel Nicolaus increased their target price on STEP Energy Services from C$4.50 to C$4.75 in a research report on Friday, May 10th. Finally, BMO Capital Markets increased their target price on STEP Energy Services from C$4.75 to C$5.00 in a research report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$5.50.

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.