STEP Energy Services (TSE:STEP) Price Target Raised to C$11.00 at Cormark

STEP Energy Services (TSE:STEPGet Rating) had its price objective lifted by Cormark from C$10.00 to C$11.00 in a research note released on Friday, Marketbeat reports.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price target on shares of STEP Energy Services from C$10.00 to C$11.00 and gave the stock an outperform rating in a research report on Friday, August 12th. Stifel Nicolaus boosted their price objective on STEP Energy Services from C$10.00 to C$11.50 in a report on Friday, August 12th. ATB Capital boosted their price objective on STEP Energy Services from C$9.00 to C$9.50 in a report on Friday, August 12th. Finally, Raymond James raised STEP Energy Services to a buy rating and set a C$7.75 price objective for the company in a report on Tuesday, June 21st.

STEP Energy Services Stock Down 4.7 %

Shares of TSE STEP opened at C$5.53 on Friday. The firm’s 50-day simple moving average is C$5.27 and its 200 day simple moving average is C$4.37. The company has a market cap of C$394.76 million and a price-to-earnings ratio of 10.24. The company has a quick ratio of 1.09, a current ratio of 1.30 and a debt-to-equity ratio of 94.97. STEP Energy Services has a 12-month low of C$1.36 and a 12-month high of C$6.85.

STEP Energy Services Company Profile

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STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service the oil and gas industry in Canada and the United States. It also provides chemical laboratory solutions; fluid pumping services for coiled tubing operations and standalone projects; and nitrogen pumping solutions for coiled tubing and hydraulic fracturing operations, as well as cased hole wireline and open hole wireline services.

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