STEP Energy Services (TSE:STEP) PT Raised to C$4.50

STEP Energy Services (TSE:STEP) had its price target boosted by stock analysts at Cormark from C$4.00 to C$4.50 in a note issued to investors on Friday, BayStreet.CA reports. Cormark’s price target points to a potential upside of 204.05% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Raymond James reiterated a “strong-buy” rating and issued a C$6.00 price target on shares of STEP Energy Services in a research report on Thursday, May 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a C$2.75 price target on shares of STEP Energy Services in a research report on Wednesday, July 3rd. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$4.75.

STEP Energy Services stock traded down C$0.07 during midday trading on Friday, hitting C$1.48. The company’s stock had a trading volume of 74,944 shares, compared to its average volume of 187,556. The company has a debt-to-equity ratio of 58.34, a current ratio of 1.80 and a quick ratio of 1.44. The business’s 50-day simple moving average is C$1.81. STEP Energy Services has a 12 month low of C$1.34 and a 12 month high of C$8.48. The firm has a market capitalization of $100.05 million and a P/E ratio of -1.68.

STEP Energy Services Company Profile

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing and fracturing solutions to service oil and natural gas wells in Canada and the United States. The company 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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