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 STEP Energy Services stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$3.87, for a total transaction of C$12,740.27.

STEP Energy Services Price Performance

Shares of TSE STEP traded down C$0.02 during trading on Thursday, hitting C$3.92. The company had a trading volume of 57,160 shares, compared to its average volume of 120,348. The stock has a fifty day simple moving average of C$3.91 and a two-hundred day simple moving average of C$4.05. STEP Energy Services Ltd. has a fifty-two week low of C$2.63 and a fifty-two week high of C$4.82. The firm has a market capitalization of C$279.38 million, a price-to-earnings ratio of 4.10 and a beta of 2.16. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 36.26.

Analysts Set New Price Targets

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