ATB Capital Has Lowered Expectations for STEP Energy Services (TSE:STEP) Stock Price

STEP Energy Services (TSE:STEP) had its target price dropped by equities researchers at ATB Capital from C$5.50 to C$5.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price objective points to a potential upside of 17.37% from the company’s current price.

Other equities research analysts have also issued reports about the company. BMO Capital Markets raised their price objective on STEP Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, November 5th. Raymond James cut their target price on shares of STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Finally, Acumen Capital set a C$5.25 target price on STEP Energy Services in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$5.17.

STEP Energy Services Trading Up 3.9 %

STEP Energy Services stock opened at C$4.26 on Monday. The firm has a 50-day moving average price of C$4.56 and a two-hundred day moving average price of C$4.23. STEP Energy Services has a 52-week low of C$3.37 and a 52-week high of C$5.26. The firm has a market capitalization of C$305.36 million, a price-to-earnings ratio of 4.73 and a beta of 2.07. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 25.45.

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.