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

STEP Energy Services (TSE:STEP) had its price objective upped by BMO Capital Markets from C$4.50 to C$5.00 in a report issued on Tuesday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on STEP. Acumen Capital set a C$5.25 price target on STEP Energy Services in a report on Friday, October 11th. Royal Bank of Canada decreased their target price on STEP Energy Services from C$5.50 to C$5.00 in a research note on Thursday, August 8th. Finally, Raymond James lowered their price target on STEP Energy Services from C$6.25 to C$6.00 in a report on Tuesday, October 15th.

STEP Energy Services Price Performance

STEP stock opened at C$5.08 on Tuesday. The business’s 50-day moving average is C$3.87 and its two-hundred day moving average 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. The firm has a market capitalization of C$364.13 million, a P/E ratio of 5.64 and a beta of 2.07. STEP Energy Services has a 1 year low of C$3.37 and a 1 year high of C$5.14.

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.