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

STEP Energy Services (TSE:STEP) had its price target hoisted by Raymond James from C$6.00 to C$6.25 in a research note released on Thursday, BayStreet.CA reports.

Several other brokerages also recently issued reports on STEP. Stifel Nicolaus boosted their target price 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 target price on shares of STEP Energy Services from C$5.50 to C$5.00 in a research note on Thursday. Finally, BMO Capital Markets boosted their target price on shares of STEP Energy Services from C$4.75 to C$5.00 in a research note on Thursday, May 9th.

STEP Energy Services Price Performance

Shares of TSE:STEP opened at C$4.03 on Thursday. The company’s fifty day moving average is C$4.15 and its two-hundred day moving average is C$4.12. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 36.26. STEP Energy Services has a 12-month low of C$3.37 and a 12-month high of C$4.82. The company has a market cap of C$287.22 million, a P/E ratio of 4.20 and a beta of 2.11.

Insider Transactions at STEP Energy Services

In other news, Senior Officer Michael Edward Burvill sold 11,425 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of C$3.88, for a total value of C$44,349.57. Over 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

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.