STEP Energy Services (TSE:STEP) Trading 0.4% Higher – Still a Buy?

Shares of STEP Energy Services Ltd. (TSE:STEP) traded up 0.4% during trading on Monday . The stock traded as high as C$5.08 and last traded at C$5.07. 28,890 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 127,376 shares. The stock had previously closed at C$5.05.

Analyst Ratings Changes

Several research firms recently weighed in on STEP. Royal Bank of Canada cut their target price on shares of STEP Energy Services from C$5.50 to C$5.00 in a research note on Thursday, August 8th. BMO Capital Markets lifted their target price on STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th. Raymond James dropped their price target on STEP Energy Services from C$6.25 to C$6.00 in a research note on Tuesday, October 15th. Finally, Acumen Capital set a C$5.25 price objective on STEP Energy Services in a research note on Friday, October 11th.

STEP Energy Services Price Performance

The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45. The firm’s 50-day moving average price is C$3.98 and its 200-day moving average price is C$4.08. The stock has a market capitalization of C$361.27 million, a PE ratio of 5.60 and a beta of 2.07.

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.