BMO Capital Markets Raises STEP Energy Services (TSE:STEP) Price Target to C$5.00

STEP Energy Services (TSE:STEP) had its price target raised by BMO Capital Markets from C$4.50 to C$5.00 in a research note released on Tuesday,BayStreet.CA reports.

STEP has been the topic of several other research reports. Raymond James cut their price objective on STEP Energy Services from C$6.25 to C$6.00 in a report on Tuesday, October 15th. Royal Bank of Canada reduced their price target on STEP Energy Services from C$5.50 to C$5.00 in a report on Thursday, August 8th. Finally, Acumen Capital set a C$5.25 price objective on STEP Energy Services in a research note on Friday, October 11th.

STEP Energy Services Price Performance

The company has a 50 day moving average of C$3.86 and a 200 day moving average of C$4.03. The company has a market cap of C$363.42 million, a P/E ratio of 5.60 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$5.14. The company has a debt-to-equity ratio of 25.45, a quick ratio of 1.11 and a current ratio of 1.47.

STEP Energy Services Company Profile

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.