STEP Energy Services (TSE:STEP) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Friday. They currently have a C$6.50 price target on the stock, down from their prior price target of C$11.00. National Bank Financial’s price objective points to a potential upside of 128.07% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. CIBC lowered their price target on shares of STEP Energy Services from C$12.00 to C$10.00 in a research report on Friday. Industrial Alliance Securities lowered their price target on shares of STEP Energy Services from C$16.25 to C$11.00 in a research report on Tuesday, October 9th. TD Securities lowered their price target 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. Raymond James cut shares of STEP Energy Services from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from C$18.00 to C$15.00 in a research report on Friday, September 21st. Finally, Royal Bank of Canada lowered their price target 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. STEP Energy Services currently has a consensus rating of “Hold” and a consensus price target of C$9.28.

Shares of TSE:STEP opened at C$2.85 on Friday. STEP Energy Services has a one year low of C$2.80 and a one year high of C$13.65. The company has a debt-to-equity ratio of 57.81, a quick ratio of 1.47 and a current ratio of 1.77.

In other news, insider David Todd Johnson acquired 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average price of C$7.78 per share, for a total transaction 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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