BMO Capital Markets Lowers STEP Energy Services (TSE:STEP) Price Target to C$4.50

STEP Energy Services (TSE:STEP) had its target price decreased by stock analysts at BMO Capital Markets from C$5.00 to C$4.50 in a research report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 14.50% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Raymond James raised their target price on shares of STEP Energy Services from C$6.00 to C$6.25 in a research note on Thursday, August 8th. Royal Bank of Canada reduced their price objective on STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th.

STEP Energy Services Stock Down 0.8 %

TSE:STEP opened at C$3.93 on Friday. STEP Energy Services has a 1-year low of C$3.37 and a 1-year high of C$4.82. The company has a market capitalization of C$281.70 million, a PE ratio of 4.37 and a beta of 2.07. The firm’s 50-day moving average price is C$4.03 and its 200-day moving average price is C$4.03. The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11.

STEP Energy Services Company Profile

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.