Raymond James Has Lowered Expectations for STEP Energy Services (TSE:STEP) Stock Price

STEP Energy Services (TSE:STEP) had its price target decreased by analysts at Raymond James from C$6.25 to C$6.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 43.54% from the company’s previous close.

STEP has been the topic of several other research reports. Acumen Capital set a C$5.25 price objective on shares of STEP Energy Services in a research note on Friday, October 11th. BMO Capital Markets increased their price target on shares of STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th.

STEP Energy Services Stock Down 14.9 %

STEP Energy Services stock opened at C$4.18 on Friday. STEP Energy Services has a one year low of C$3.37 and a one year high of C$5.26. The stock has a fifty day moving average of C$4.55 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. The stock has a market cap of C$299.62 million, a PE ratio of 4.64 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.