ATB Capital Cuts STEP Energy Services (TSE:STEP) Price Target to C$5.00

STEP Energy Services (TSE:STEP - Get Free Report) had its price objective cut by equities researchers at ATB Capital from C$5.50 to C$5.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. ATB Capital's price target would suggest a potential upside of 21.95% from the stock's previous close.

STEP has been the topic of a number of other research reports. Raymond James reduced their target price on 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. BMO Capital Markets upped their price objective on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Finally, Acumen Capital set a C$5.25 price objective on STEP Energy Services in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$5.17.

STEP Energy Services Price Performance

STEP stock traded down C$0.08 during midday trading on Monday, hitting C$4.10. 59,318 shares of the stock were exchanged, compared to its average volume of 134,007. The stock's 50-day moving average price is C$4.56 and its 200-day moving average price is C$4.23. 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 has a market cap of C$293.89 million, a price-to-earnings ratio of 4.56 and a beta of 2.07. STEP Energy Services has a fifty-two week low of C$3.37 and a fifty-two week high of C$5.26.

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.