STEP Energy Services (TSE:STEP) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

STEP Energy Services (TSE:STEP) had its price target lifted by analysts at BMO Capital Markets from C$4.50 to C$5.00 in a note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential downside of 0.79% from the company’s previous close.

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

STEP Energy Services Trading Down 0.8 %

Shares of STEP stock opened at C$5.04 on Tuesday. STEP Energy Services has a fifty-two week low of C$3.37 and a fifty-two week high of C$5.14. 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’s fifty day moving average is C$3.86 and its two-hundred day moving average is C$4.03. The firm has a market capitalization of C$361.27 million, a P/E ratio of 5.60 and a beta of 2.07.

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.