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

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

STEP Energy Services Trading Down 1.7%

Shares of STEP opened at C$4.01 on Wednesday. The company has a market capitalization of C$286.94 million, a P/E ratio of 6.94 and a beta of 2.07. STEP Energy Services Ltd. has a one year low of C$3.35 and a one year high of C$5.26. The company has a debt-to-equity ratio of 22.04, a quick ratio of 1.11 and a current ratio of 1.39. The stock has a 50-day moving average price of C$3.99 and a 200 day moving average price of C$4.39.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Raymond James downgraded STEP Energy Services from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$5.50 to C$5.00 in a research report on Wednesday, April 9th. Royal Bank of Canada lowered their target price on STEP Energy Services from C$5.00 to C$4.25 and set a “sector perform” rating for the company in a research note 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.