STEP Energy Services (TSE:STEP) Price Target Raised to C$5.00

STEP Energy Services (TSE:STEP) had its target price boosted by BMO Capital Markets from C$4.50 to C$5.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential downside of 1.57% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada reduced their target price on STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th. Acumen Capital set a C$5.25 target price on shares of STEP Energy Services in a research report on Friday, October 11th. Finally, Raymond James reduced their price target on shares of STEP Energy Services from C$6.25 to C$6.00 in a research note on Tuesday, October 15th.

STEP Energy Services Trading Up 1.6 %

Shares of STEP stock traded up C$0.08 on Tuesday, hitting C$5.08. 1,348,275 shares of the stock traded hands, compared to its average volume of 115,165. STEP Energy Services has a twelve month low of C$3.37 and a twelve month high of C$5.14. The stock has a market capitalization of C$364.13 million, a PE ratio of 5.64 and a beta of 2.07. The firm’s 50-day moving average price is C$3.82 and its two-hundred day moving average price is C$4.01. The company has a debt-to-equity ratio of 25.45, a quick ratio of 1.11 and a current ratio of 1.47.

About STEP Energy Services

STEP Energy Services Ltd., an energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States. It also provides fluid pumping services for coiled tubing operations and involved in standalone projects; pipeline commissioning and maintenance services; fracturing logistics services; and laboratory services.