STEP Energy Services (TSE:STEP) Trading Up 27% – Here’s Why

STEP Energy Services Ltd. (TSE:STEP) rose 27% on Friday . The company traded as high as C$5.48 and last traded at C$5.41. Approximately 430,190 shares were traded during mid-day trading, an increase of 982% from the average daily volume of 39,744 shares. The stock had previously closed at C$4.26.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lifted their price target on STEP Energy Services from C$4.25 to C$4.50 and gave the company a “sector perform” rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.04.

STEP Energy Services Trading Up 27.0%

The company has a debt-to-equity ratio of 22.04, a current ratio of 1.39 and a quick ratio of 1.11. The business’s 50-day moving average is C$4.35 and its two-hundred day moving average is C$4.16. The firm has a market cap of C$394.25 million, a P/E ratio of -20.04 and a beta of 1.93.

STEP Energy Services Company Profile

STEP Energy Services is an energy services company that provides coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.