Bradley James Mcfarlane Sells 13,413 Shares of STEP Energy Services Ltd. (TSE:STEP) Stock

STEP Energy Services Ltd. (TSE:STEP) Senior Officer Bradley James Mcfarlane sold 13,413 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of C$3.95, for a total transaction of C$52,981.35.

STEP Energy Services Stock Performance

Shares of TSE:STEP traded down C$0.08 on Tuesday, hitting C$4.00. The company’s stock had a trading volume of 4,000 shares, compared to its average volume of 55,186. STEP Energy Services Ltd. has a 12 month low of C$3.35 and a 12 month high of C$5.26. The company has a market capitalization of C$286.22 million, a price-to-earnings ratio of 6.93 and a beta of 2.07. The stock’s 50-day moving average is C$4.00 and its two-hundred day moving average is C$4.39. The company has a debt-to-equity ratio of 22.04, a quick ratio of 1.11 and a current ratio of 1.39.

Analyst Upgrades and Downgrades

STEP has been the topic of a number of research reports. Raymond James cut shares of STEP Energy Services from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$5.50 to C$5.00 in a report on Wednesday, April 9th. Royal Bank of Canada reduced their price objective on STEP Energy Services from C$5.00 to C$4.25 and set a “sector perform” rating for the company in a research report on Thursday, April 17th.

About STEP Energy Services

STEP Energy Services is an energy services company that provides coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.