STEP Energy Services (TSE:STEP) had its price target lowered by National Bank Financial from C$15.50 to C$12.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 119.38% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Raymond James downgraded shares of STEP Energy Services from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from C$18.00 to C$15.00 in a research report on Friday, September 21st. Royal Bank of Canada dropped their target price on shares of STEP Energy Services from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, August 3rd. Industrial Alliance Securities dropped their target price on shares of STEP Energy Services from C$17.25 to C$16.25 in a research report on Friday, August 3rd. CIBC dropped their target price on shares of STEP Energy Services from C$24.00 to C$22.00 in a research report on Friday, August 3rd. Finally, TD Securities dropped their target price on shares of STEP Energy Services from C$14.50 to C$13.50 and set a “buy” rating for the company in a research report on Friday, August 3rd. Five research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$15.54.

STEP opened at C$5.47 on Wednesday. STEP Energy Services has a 1-year low of C$5.30 and a 1-year high of C$15.93.

In other STEP Energy Services news, insider David Todd Johnson acquired 3,800 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was acquired at an average price of C$7.78 per share, with a total value of C$29,564.00.

About STEP Energy Services

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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Analyst Recommendations for STEP Energy Services (TSE:STEP)

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