Shares of STEP Energy Services Ltd. (TSE:STEP - Get Free Report) were up 39% during mid-day trading on Monday . The company traded as high as C$4.96 and last traded at C$4.95. Approximately 411,177 shares were traded during mid-day trading, an increase of 334% from the average daily volume of 94,783 shares. The stock had previously closed at C$3.56.
Analyst Ratings Changes
STEP has been the topic of a number of recent analyst reports. Acumen Capital set a C$5.25 price objective on shares of STEP Energy Services in a research note on Friday, October 11th. Raymond James cut their price objective on shares of STEP Energy Services from C$6.25 to C$6.00 in a research note on Tuesday, October 15th. Royal Bank of Canada lowered their target price on STEP Energy Services from C$5.50 to C$5.00 in a report on Thursday, August 8th. Finally, BMO Capital Markets dropped their price target on STEP Energy Services from C$5.00 to C$4.50 in a research note on Friday, October 4th.
View Our Latest Report on STEP Energy Services
STEP Energy Services Trading Up 40.4 %
The company has a fifty day moving average of C$3.81 and a two-hundred day moving average of C$4.00. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45. The stock has a market capitalization of C$358.40 million, a price-to-earnings ratio of 5.54 and a beta of 2.07.
STEP Energy Services Company Profile
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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.
Further Reading
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