Shares of STEP Energy Services Ltd. (TSE:STEP - Get Free Report) fell 5% during trading on Friday . The stock traded as low as C$4.94 and last traded at C$4.94. 118,722 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 127,663 shares. The stock had previously closed at C$5.20.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on STEP shares. BMO Capital Markets boosted their target price on shares of 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 in a research report on Tuesday, October 15th. Finally, Acumen Capital set a C$5.25 target price on STEP Energy Services in a report on Friday, October 11th.
Read Our Latest Stock Report on STEP
STEP Energy Services Trading Down 4.8 %
The company has a market cap of C$354.82 million, a P/E ratio of 5.50 and a beta of 2.07. The firm's 50 day moving average is C$4.46 and its two-hundred day moving average is C$4.21. 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
(
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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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