STEP Energy Services (TSE:STEP) Reaches New 1-Year Low - Should You Sell?

STEP Energy Services Ltd. (TSE:STEP - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$3.35 and last traded at C$3.48, with a volume of 19920 shares changing hands. The stock had previously closed at C$3.51.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. ATB Capital reduced their price objective on STEP Energy Services from C$5.50 to C$5.00 and set an "outperform" rating for the company in a report on Monday, December 23rd. Raymond James downgraded STEP Energy Services from an "outperform" rating to a "market perform" rating and cut their price target for the stock from C$5.50 to C$5.00 in a research note on Wednesday, April 9th. Finally, Cormark upgraded STEP Energy Services from a "tender" rating to a "buy" rating and boosted their price objective for the company from C$5.00 to C$5.50 in a research note on Monday, January 6th.

STEP Energy Services Price Performance

The firm has a market cap of C$271.19 million, a P/E ratio of 6.56 and a beta of 2.07. The business's fifty day simple moving average is C$4.26 and its 200-day simple moving average is C$4.36. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 22.04.

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.