Bradley James Mcfarlane Sells 18,001 Shares of STEP Energy Services Ltd. (TSE:STEP) Stock

STEP Energy Services Ltd. (TSE:STEP) Senior Officer Bradley James Mcfarlane sold 18,001 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$4.20, for a total transaction of C$75,604.20.

STEP Energy Services Stock Performance

Shares of STEP traded down C$0.02 during trading hours on Friday, hitting C$4.24. The stock had a trading volume of 5,674 shares, compared to its average volume of 133,203. The firm has a 50-day moving average price of C$4.58 and a 200 day moving average price of C$4.23. STEP Energy Services Ltd. has a fifty-two week low of C$3.37 and a fifty-two week high of C$5.26. The firm has a market capitalization of C$303.92 million, a price-to-earnings ratio of 4.71 and a beta of 2.07. The company has a debt-to-equity ratio of 25.45, a quick ratio of 1.11 and a current ratio of 1.47.

Analysts Set New Price Targets

STEP has been the subject of a number of research reports. BMO Capital Markets lifted their price target on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Acumen Capital set a C$5.25 target price on STEP Energy Services in a report on Friday, October 11th. Raymond James cut their price target on shares of STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Finally, ATB Capital reduced their price objective on STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$5.17.

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.