STEP Energy Services (TSE:STEP) Price Target Lowered to C$6.00 at Raymond James

STEP Energy Services (TSE:STEP) had its target price trimmed by Raymond James from C$6.25 to C$6.00 in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on STEP. Acumen Capital set a C$5.25 price target on shares of STEP Energy Services in a research note on Friday, October 11th. BMO Capital Markets boosted their target price on shares of STEP Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, November 5th.

STEP Energy Services Price Performance

Shares of TSE STEP opened at C$4.18 on Friday. The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11. The stock has a market capitalization of C$299.62 million, a price-to-earnings ratio of 4.64 and a beta of 2.07. The firm’s 50 day simple moving average is C$4.55 and its 200-day simple moving average is C$4.23. STEP Energy Services has a 12 month low of C$3.37 and a 12 month high of C$5.26.

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.