STEP Energy Services (TSE:STEP) Stock Price Down 14.5% - What's Next?

STEP Energy Services Ltd. (TSE:STEP - Get Free Report) shares traded down 14.5% on Friday . The stock traded as low as C$4.00 and last traded at C$4.20. 57,172 shares changed hands during trading, a decline of 57% from the average session volume of 133,223 shares. The stock had previously closed at C$4.91.

Wall Street Analyst Weigh In

STEP has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Raymond James lowered their price objective on shares of 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. Finally, Acumen Capital set a C$5.25 target price on shares of STEP Energy Services in a research report on Friday, October 11th.

STEP Energy Services Stock Down 14.9 %

The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11. The stock has a market cap of C$299.62 million, a price-to-earnings ratio of 4.64 and a beta of 2.07. The firm's 50-day moving average is C$4.54 and its 200 day moving average is C$4.23.

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.