STEP Energy Services Ltd (TSE:STEP) has earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Three equities 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 average 1 year target price among brokerages that have issued a report on the stock in the last year is C$4.69.
STEP has been the subject of a number of research reports. Raymond James lowered their price objective on STEP Energy Services from C$6.00 to C$4.50 and set a “strong-buy” rating for the company in a research report on Friday, August 9th. Cormark raised their target price on STEP Energy Services from C$4.00 to C$4.50 in a report on Friday, August 9th. BMO Capital Markets reduced their target price on STEP Energy Services from C$2.00 to C$1.75 in a report on Tuesday, September 10th. National Bank Financial reduced their target price on STEP Energy Services from C$3.25 to C$3.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a C$2.75 target price on shares of STEP Energy Services in a report on Wednesday, July 3rd.
STEP stock traded down C$0.06 during midday trading on Friday, reaching C$1.60. The stock had a trading volume of 87,400 shares, compared to its average volume of 182,857. The business has a fifty day simple moving average of C$1.57 and a two-hundred day simple moving average of C$1.94. The company has a quick ratio of 1.47, a current ratio of 1.77 and a debt-to-equity ratio of 60.25. The firm has a market cap of $106.82 million and a price-to-earnings ratio of -1.91. STEP Energy Services has a twelve month low of C$1.34 and a twelve month high of C$6.26.
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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