STEP Energy Services (TSE:STEP - Free Report) had its price target raised by BMO Capital Markets from C$4.50 to C$5.00 in a research note released on Tuesday morning, BayStreet.CA reports.
A number of other equities analysts have also commented on the company. Raymond James cut their price objective on STEP Energy Services from C$6.25 to C$6.00 in a research note on Tuesday, October 15th. Acumen Capital set a C$5.25 price target on shares of STEP Energy Services in a research report on Friday, October 11th. Finally, Royal Bank of Canada decreased their price objective on shares of STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th.
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STEP Energy Services Trading Up 1.6 %
Shares of TSE:STEP traded up C$0.08 during midday trading on Tuesday, hitting C$5.08. 1,917,900 shares of the stock were exchanged, compared to its average volume of 117,827. The business's 50-day moving average price is C$3.84 and its 200 day moving average price is C$4.02. STEP Energy Services has a 12 month low of C$3.37 and a 12 month high of C$5.14. 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 capitalization of C$364.13 million, a price-to-earnings ratio of 5.64 and a beta of 2.07.
About STEP Energy Services
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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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