STEP Energy Services Ltd (TSE:STEP) insider Michael Grant Kelly bought 25,600 shares of the business’s stock in a transaction on Friday, November 16th. The shares were bought at an average price of C$2.60 per share, for a total transaction of C$66,560.00.

TSE STEP traded down C$0.13 during trading on Friday, hitting C$2.81. 214,985 shares of the company traded hands, compared to its average volume of 179,847. STEP Energy Services Ltd has a 12 month low of C$2.50 and a 12 month high of C$12.99. The company has a debt-to-equity ratio of 59.50, a quick ratio of 1.60 and a current ratio of 1.94.

Several equities analysts have weighed in on STEP shares. Raymond James lowered STEP Energy Services from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from C$18.00 to C$15.00 in a report on Friday, September 21st. Industrial Alliance Securities cut their target price on STEP Energy Services from C$16.25 to C$11.00 in a report on Tuesday, October 9th. National Bank Financial cut their target price on STEP Energy Services from C$15.50 to C$12.00 and set an “outperform” rating on the stock in a report on Wednesday, September 26th. CIBC cut their target price on STEP Energy Services from C$12.00 to C$10.00 in a report on Friday, November 9th. Finally, BMO Capital Markets lowered STEP Energy Services from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$12.00 to C$4.25 in a report on Friday, November 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$9.28.

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STEP Energy Services Company Profile

STEP Energy Services Ltd. operates as an oilfield service company that provides fracturing and coiled tubing solutions in Canada and the United States. It applies fit-for-purpose coiled tubing, pumping, and hydraulic fracturing technology to enhance reservoir performance in well stimulation and intervention projects for clients operating in unconventional oil, gas, and liquids rich plays.

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