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STEP Energy Services (TSE:STEP) Trading Up 0.4% - Here's Why

STEP Energy Services logo with Energy background

STEP Energy Services Ltd. (TSE:STEP - Get Free Report)'s share price was up 0.4% during mid-day trading on Monday . The company traded as high as C$5.08 and last traded at C$5.07. Approximately 28,890 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 127,376 shares. The stock had previously closed at C$5.05.

Analyst Ratings Changes

STEP has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on STEP Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, November 5th. Acumen Capital set a C$5.25 price target on STEP Energy Services in a research note on Friday, October 11th. Royal Bank of Canada lowered their price objective on STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th. Finally, Raymond James reduced their target price on STEP Energy Services from C$6.25 to C$6.00 in a report on Tuesday, October 15th.

Check Out Our Latest Research Report on STEP

STEP Energy Services Price Performance

The stock has a market capitalization of C$361.27 million, a PE ratio of 5.60 and a beta of 2.07. The business has a fifty day moving average price of C$3.96 and a 200-day moving average price of C$4.07. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45.

About STEP Energy Services

(Get Free Report)

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.

Further Reading

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