STEP Energy Services (TSE:STEP) Reaches New 12-Month High Following Analyst Upgrade

STEP Energy Services Ltd. (TSE:STEP - Get Free Report)'s stock price reached a new 52-week high on Tuesday after BMO Capital Markets raised their price target on the stock from C$4.50 to C$5.00. The stock traded as high as C$5.13 and last traded at C$5.08, with a volume of 1254555 shares traded. The stock had previously closed at C$5.00.

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

STEP Energy Services Price Performance

The company has a 50 day moving average of C$3.82 and a 200-day moving average of C$4.01. The stock has a market capitalization of C$364.13 million, a P/E ratio of 5.64 and a beta of 2.07. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 25.45.

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.

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