STEP Energy Services (TSE:STEP) Reaches New 12-Month High After Analyst Upgrade

Shares of STEP Energy Services Ltd. (TSE:STEP) hit a new 52-week high on Tuesday after BMO Capital Markets raised their price target on the stock from C$4.50 to C$5.00. The stock traded as high as C$5.13 and last traded at C$5.08, with a volume of 1254555 shares traded. The stock had previously closed at C$5.00.

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

STEP Energy Services Stock Down 0.8 %

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 company has a market capitalization of C$361.27 million, a PE ratio of 5.60 and a beta of 2.07. The business’s 50 day simple moving average is C$3.86 and its 200 day simple moving average is C$4.03.

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.