Acumen Capital Reiterates C$5.25 Price Target for STEP Energy Services (TSE:STEP)

Acumen Capital set a C$5.25 price target on STEP Energy Services (TSE:STEP) in a research report released on Friday, BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on STEP. Raymond James lifted their price target on shares of STEP Energy Services from C$6.00 to C$6.25 in a research report on Thursday, August 8th. Royal Bank of Canada cut their price objective on STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th. Finally, BMO Capital Markets cut their price objective on STEP Energy Services from C$5.00 to C$4.50 in a research report on Friday, October 4th.

STEP Energy Services Price Performance

Shares of STEP opened at C$3.85 on Friday. STEP Energy Services has a twelve month low of C$3.37 and a twelve month high of C$4.82. The stock’s 50 day moving average is C$3.97 and its two-hundred day moving average is C$4.04. The firm has a market capitalization of C$275.97 million, a PE ratio of 4.28 and a beta of 2.07. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45.

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.