STEP Energy Services (TSE:STEP) had its target price decreased by research analysts at BMO Capital Markets from C$1.75 to C$1.25 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 13.64% from the company’s current price.
Other analysts also recently issued research reports about the company. Raymond James cut their price target on STEP Energy Services from C$6.00 to C$4.50 and set a “strong-buy” rating on the stock in a research note on Friday, August 9th. CIBC cut their price target on STEP Energy Services from C$5.00 to C$4.50 in a research note on Tuesday, October 15th. National Bank Financial downgraded STEP Energy Services from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$3.00 to C$2.00 in a research note on Wednesday, October 2nd. Finally, Cormark upped their price target on STEP Energy Services from C$4.00 to C$4.50 in a research note on Friday, August 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$3.34.
Shares of TSE:STEP traded down C$0.07 during trading on Friday, hitting C$1.10. The stock had a trading volume of 192,155 shares, compared to its average volume of 161,545. STEP Energy Services has a 12 month low of C$1.08 and a 12 month high of C$3.20. The company has a market capitalization of $78.11 million and a PE ratio of -1.31. The firm’s fifty day moving average is C$1.38 and its 200 day moving average is C$1.74. The company has a quick ratio of 1.47, a current ratio of 1.77 and a debt-to-equity ratio of 60.25.
About STEP Energy Services
STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing and fracturing solutions to service oil and natural gas wells in Canada and the United States. The company applies fit-for-purpose coiled tubing, pumping, and hydraulic fracturing technology to enhance reservoir performance in well stimulation and intervention projects for clients operating in unconventional oil, gas, and liquids rich plays.
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