STEP Energy Services (TSE:STEP) PT Lowered to C$6.00

STEP Energy Services (TSE:STEP) had its target price dropped by investment analysts at Raymond James from C$6.25 to C$6.00 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 61.73% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Acumen Capital set a C$5.25 price objective on STEP Energy Services in a research note on Friday, October 11th. Royal Bank of Canada lowered their price target on shares of STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th. Finally, BMO Capital Markets cut their price objective on shares of STEP Energy Services from C$5.00 to C$4.50 in a report on Friday, October 4th.

STEP Energy Services Stock Performance

TSE STEP opened at C$3.71 on Tuesday. 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 company has a market capitalization of C$265.93 million, a PE ratio of 4.12 and a beta of 2.07. STEP Energy Services has a 52-week low of C$3.37 and a 52-week high of C$4.82. The company has a 50-day simple moving average of C$3.94 and a 200 day simple moving average of C$4.04.

About STEP Energy Services

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.