STEP Energy Services (STEP) Reaches New 1-Year Low at $4.06

Share on StockTwits

STEP Energy Services Ltd (TSE:STEP)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$4.06 and last traded at C$4.08, with a volume of 78982 shares changing hands. The stock had previously closed at C$4.32.

Several equities analysts recently issued reports on the company. Industrial Alliance Securities decreased their price target on STEP Energy Services from C$17.25 to C$16.25 in a report on Friday, August 3rd. 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 research note on Friday, September 21st. CIBC cut their target price on STEP Energy Services from C$22.00 to C$12.00 in a research note on Tuesday, October 16th. Royal Bank of Canada cut their target price on STEP Energy Services from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, August 3rd. Finally, National Bank Financial cut their target price on STEP Energy Services from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Thursday, August 2nd. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of C$13.36.

In related news, insider David Todd Johnson bought 3,800 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were purchased at an average price of C$7.78 per share, with a total value of C$29,564.00.

About STEP Energy Services (TSE:STEP)

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.

Recommended Story: What strategies should day traders use to execute a trade?

Receive News & Ratings for STEP Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STEP Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply