STEP Energy Services (TSE:STEP) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

STEP Energy Services (TSE:STEP) had its target price boosted by equities researchers at BMO Capital Markets from C$4.50 to C$5.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential downside of 1.57% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada dropped 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. Raymond James reduced their price objective on STEP Energy Services from C$6.25 to C$6.00 in a research note on Tuesday, October 15th. Finally, Acumen Capital set a C$5.25 target price on STEP Energy Services in a research report on Friday, October 11th.

STEP Energy Services Stock Performance

Shares of STEP stock traded up C$0.08 on Tuesday, reaching C$5.08. The stock had a trading volume of 1,348,275 shares, compared to its average volume of 115,165. The stock has a market cap of C$364.13 million, a P/E ratio of 5.64 and a beta of 2.07. 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 has a 1 year low of C$3.37 and a 1 year high of C$5.14. The company has a 50 day simple moving average of C$3.82 and a 200 day simple moving average of C$4.01.

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.