Raymond James Increases STEP Energy Services (TSE:STEP) Price Target to C$6.25

Posted by Scott Moore on Aug 12th, 2024

STEP Energy Services (TSE:STEP – Free Report) had its price objective raised by Raymond James from C$6.00 to C$6.25 in a research note published on Thursday morning, BayStreet.CA reports.

A number of other research firms also recently weighed in on STEP. BMO Capital Markets upped their target price on shares of STEP Energy Services from C$4.75 to C$5.00 in a research report on Thursday, May 9th. Stifel Nicolaus upped their target price on shares of STEP Energy Services from C$4.50 to C$4.75 in a research report on Friday, May 10th. Finally, Royal Bank of Canada reduced their target price on shares of STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday.

Read Our Latest Stock Report on STEP Energy Services

STEP Energy Services Stock Down 1.2 %

TSE:STEP opened at C$4.03 on Thursday. The firm’s 50-day moving average price is C$4.15 and its 200-day moving average price is C$4.12. The company has a market capitalization of C$287.22 million, a PE ratio of 4.20 and a beta of 2.11. The company has a debt-to-equity ratio of 36.26, a current ratio of 1.45 and a quick ratio of 1.11. STEP Energy Services has a 1-year low of C$3.37 and a 1-year high of C$4.82.

Insider Activity at STEP Energy Services

In related news, Senior Officer Michael Edward Burvill sold 11,425 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of C$3.88, for a total transaction of C$44,349.57. In the last ninety days, insiders have sold 24,914 shares of company stock valued at $99,861. 0.50% of the stock is owned by insiders.

About STEP Energy Services

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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.