STEP Energy Services (STEP) Stock Forecast & Price Target

C$4.17
+0.03 (+0.72%)
(As of 05/17/2024 04:00 PM ET)

STEP Energy Services - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 5 Analyst Ratings

Consensus Price Target

C$5.50
31.89% Upside
High ForecastC$6.50
Average ForecastC$5.50
Low ForecastC$4.75
TypeCurrent Forecast
5/21/23 to 5/20/24
1 Month Ago
4/21/23 to 4/20/24
3 Months Ago
2/20/23 to 2/20/24
1 Year Ago
5/21/22 to 5/21/23
Consensus Rating
Hold
Hold
Moderate Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
1 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$5.50C$5.38C$6.82C$7.25
Forecasted Upside31.89% Upside50.25% Upside74.42% Upside93.91% Upside
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STEP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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STEP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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STEP Energy Services Stock vs. The Competition

TypeSTEP Energy ServicesEnergy Companies
Consensus Rating Score
2.40
2.66
Consensus RatingHoldModerate Buy
News Sentiment RatingPositive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/10/2024Stifel Nicolaus
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 Boost TargetC$4.50 ➝ C$4.75+13.10%
5/9/2024BMO Capital Markets
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 Boost TargetC$4.75 ➝ C$5.00+17.92%
4/8/2024ATB Capital
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 Lower TargetC$7.00 ➝ C$6.50+54.76%
3/13/2024Royal Bank of Canada
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 Lower TargetSector PerformC$5.50 ➝ C$4.75+37.68%
3/13/2024Raymond James
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 Lower TargetOutperformC$6.25 ➝ C$5.50+59.42%
11/3/2023Acumen Capital
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 Boost TargetC$6.00 ➝ C$6.50+51.87%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:09 PM ET.

STEP Frequently Asked Questions

What is STEP Energy Services's stock forecast and purchase recommendation?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for STEP Energy Services is C$5.50, with a high forecast of C$6.50 and a low forecast of C$4.75. The consensus rating for STEP Energy Services stock is Hold based on the current 3 hold ratings and 2 buy ratings for STEP. Learn more on STEP's analyst rating history.

Do Wall Street analysts like STEP Energy Services more than its competitors?

Analysts like STEP Energy Services less than other "energy" companies. The consensus rating for STEP Energy Services is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how STEP compares to other companies.

Is STEP Energy Services being downgraded by Wall Street analysts?

Over the previous 90 days, STEP Energy Services's stock had 2 downgrades by analysts.

Does STEP Energy Services's stock price have much upside?

According to analysts, STEP Energy Services's stock has a predicted upside of 48.58% based on their 12-month stock forecasts.

What analysts cover STEP Energy Services?

STEP Energy Services has been rated by research analysts at ATB Capital, BMO Capital Markets, Raymond James, Royal Bank of Canada, and Stifel Nicolaus in the past 90 days.


Stock Forecasts and Research Tools

This page (TSE:STEP) was last updated on 5/20/2024 by MarketBeat.com Staff

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