STEP Energy Services (TSE:STEP) Given New C$1.25 Price Target at BMO Capital Markets

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STEP Energy Services (TSE:STEP) had its price target decreased by BMO Capital Markets from C$1.75 to C$1.25 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 13.64% from the company’s current price.

Several other research firms have also issued reports on STEP. Cormark upped their price target on shares of STEP Energy Services from C$4.00 to C$4.50 in a research report on Friday, August 9th. National Bank Financial lowered shares of STEP Energy Services from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$3.00 to C$2.00 in a research report on Wednesday, October 2nd. CIBC dropped their price target on shares of STEP Energy Services from C$5.00 to C$4.50 in a research report on Tuesday, October 15th. Finally, Raymond James dropped their price target on shares of STEP Energy Services from C$6.00 to C$4.50 and set a “strong-buy” rating on the stock in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. STEP Energy Services has an average rating of “Hold” and a consensus price target of C$3.25.

TSE STEP opened at C$1.10 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.47 and a debt-to-equity ratio of 60.25. The firm’s fifty day moving average price is C$1.37 and its two-hundred day moving average price is C$1.73. STEP Energy Services has a 1 year low of C$1.08 and a 1 year high of C$3.20. The firm has a market capitalization of $78.11 million and a P/E ratio of -1.31.

About STEP Energy Services

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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Analyst Recommendations for STEP Energy Services (TSE:STEP)

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