Shares of STEP Energy Services Ltd (TSE:STEP) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$2.66.
A number of equities research analysts have recently weighed in on the stock. AltaCorp Capital dropped their price target on shares of STEP Energy Services from C$2.00 to C$1.20 in a research report on Monday, November 11th. Raymond James restated an “outperform” rating and set a C$2.00 price objective on shares of STEP Energy Services in a research note on Friday, November 8th. CIBC dropped their price objective on STEP Energy Services from C$4.50 to C$3.75 in a report on Tuesday, November 12th. TD Securities dropped their price objective on STEP Energy Services from C$1.70 to C$1.40 and set a “hold” rating for the company in a report on Monday, November 11th. Finally, National Bank Financial reduced their target price on STEP Energy Services from C$2.00 to C$1.30 and set a “sector perform” rating on the stock in a report on Monday, November 25th.
Shares of TSE:STEP remained flat at $C$1.00 on Friday. 51,359 shares of the company’s stock were exchanged, compared to its average volume of 154,740. The company’s fifty day moving average price is C$1.15 and its two-hundred day moving average price is C$1.58. STEP Energy Services has a 1 year low of C$0.86 and a 1 year high of C$2.96. The firm has a market cap of $66.80 million and a P/E ratio of -0.37. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 78.63.
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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