STEP Energy Services (TSE:STEP) Given New C$5.00 Price Target at ATB Capital

STEP Energy Services (TSE:STEP) had its price target lowered by ATB Capital from C$5.50 to C$5.00 in a research report report published on Monday,BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Raymond James cut their target price on STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. BMO Capital Markets raised their target price on shares of STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th. Finally, Acumen Capital set a C$5.25 price target on shares of STEP Energy Services in a research report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$5.17.

STEP Energy Services Trading Up 3.9 %

Shares of STEP Energy Services stock opened at C$4.26 on Monday. STEP Energy Services has a 52-week low of C$3.37 and a 52-week high of C$5.26. The stock has a market cap of C$305.36 million, a PE ratio of 4.73 and a beta of 2.07. The firm has a 50-day moving average of C$4.57 and a 200-day moving average of C$4.23. The company has a debt-to-equity ratio of 25.45, a quick ratio of 1.11 and a current ratio of 1.47.

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.