STEP Energy Services (TSE:STEP) Given New C$6.00 Price Target at Raymond James

STEP Energy Services (TSE:STEP - Free Report) had its target price cut by Raymond James from C$6.25 to C$6.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on STEP. BMO Capital Markets raised their price objective on shares of STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th. Acumen Capital set a C$5.25 price objective on STEP Energy Services in a research report on Friday, October 11th.

STEP Energy Services Stock Down 14.9 %

Shares of STEP Energy Services stock traded down C$0.73 on Friday, reaching C$4.18. 283,693 shares of the company were exchanged, compared to its average volume of 134,310. The stock's 50 day moving average price is C$4.54 and its 200-day moving average price is C$4.23. The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11. STEP Energy Services has a 1-year low of C$3.37 and a 1-year high of C$5.26. The company has a market cap of C$299.62 million, a P/E ratio of 4.64 and a beta of 2.07.

STEP Energy Services Company Profile

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.