STEP Energy Services Ltd. (TSE:STEP – Get Free Report) traded up 1% on Monday . The stock traded as high as C$4.08 and last traded at C$4.08. 89,011 shares changed hands during trading, a decline of 28% from the average session volume of 123,238 shares. The stock had previously closed at C$4.04.
Analysts Set New Price Targets
Several equities analysts have commented on STEP shares. ATB Capital dropped their target price on STEP Energy Services from C$7.00 to C$6.50 in a research report on Monday, April 8th. BMO Capital Markets cut shares of STEP Energy Services from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$7.50 to C$4.50 in a research report on Tuesday, March 12th. Raymond James cut their price target on shares of STEP Energy Services from C$6.25 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. Stifel Nicolaus cut shares of STEP Energy Services from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$6.00 to C$4.50 in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada dropped their target price on shares of STEP Energy Services from C$5.50 to C$4.75 and set a “sector perform” rating on the stock in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$5.38.
Get Our Latest Analysis on STEP
STEP Energy Services Price Performance
Insider Transactions at STEP Energy Services
In other STEP Energy Services news, Senior Officer Stephen Murray Glanville bought 14,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was purchased at an average cost of C$3.59 per share, with a total value of C$50,293.60. Company insiders own 0.43% of the company’s stock.
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.
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