STEP Energy Services (TSE:STEP) Shares Down 0.2% – Here’s Why

STEP Energy Services Ltd. (TSE:STEP)’s share price was down 0.2% during mid-day trading on Tuesday . The stock traded as low as C$5.49 and last traded at C$5.49. Approximately 6,456 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 35,283 shares. The stock had previously closed at C$5.50.

STEP Energy Services Trading Down 0.2%

The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 22.04. The stock has a market capitalization of C$400.15 million, a P/E ratio of -49.91 and a beta of 1.60. The business’s fifty day simple moving average is C$5.49 and its two-hundred day simple moving average is C$5.05.

STEP Energy Services (TSE:STEP) last released its earnings results on Wednesday, November 5th. The company reported C$0.09 earnings per share for the quarter. STEP Energy Services had a net margin of 4.10% and a return on equity of 10.51%. The business had revenue of C$227.24 million during the quarter. As a group, analysts forecast that STEP Energy Services Ltd. will post 1 earnings per share for the current year.

About STEP Energy Services

STEP Energy Services is an energy services company that provides coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures. STEP has a high-performance, safety-focused culture and our experienced office and field professionals are committed to providing innovative, environmentally responsible, and cost-effective solutions to our clients.