STEP Energy Services (TSE:STEP) Given New C$6.00 Price Target at Raymond James

STEP Energy Services (TSE:STEP) had its target price dropped by stock analysts at Raymond James from C$6.25 to C$6.00 in a report issued on Tuesday, BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 61.73% from the stock’s previous close.

Several other research firms have also commented on STEP. Royal Bank of Canada decreased their price objective 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 decreased their target price on shares of STEP Energy Services from C$5.00 to C$4.50 in a research report on Friday, October 4th. Finally, Acumen Capital set a C$5.25 target price on shares of STEP Energy Services in a research note on Friday.

STEP Energy Services Trading Down 3.6 %

Shares of STEP Energy Services stock traded down C$0.14 during trading on Tuesday, hitting C$3.71. The company’s stock had a trading volume of 76,531 shares, compared to its average volume of 94,807. The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11. The stock has a market cap of C$265.93 million, a price-to-earnings ratio of 4.12 and a beta of 2.07. The stock has a 50-day moving average price of C$3.96 and a two-hundred day moving average price of C$4.04. STEP Energy Services has a 52 week low of C$3.37 and a 52 week high of C$4.82.

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.