STEP Energy Services (TSE:STEP) Given New C$6.00 Price Target at Raymond James

STEP Energy Services (TSE:STEP) had its target price lowered by equities researchers at Raymond James from C$6.25 to C$6.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 42.86% from the stock’s previous close.

A number of other analysts also recently commented on the stock. BMO Capital Markets boosted their price target on shares of STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Acumen Capital set a C$5.25 target price on STEP Energy Services in a report on Friday, October 11th.

STEP Energy Services Stock Performance

Shares of TSE STEP traded down C$0.71 during midday trading on Friday, reaching C$4.20. 254,992 shares of the company traded hands, compared to its average volume of 134,183. The company has a market cap of C$301.06 million, a price-to-earnings ratio of 4.67 and a beta of 2.07. The stock has a 50-day moving average price of C$4.54 and a 200 day moving average price of C$4.23. STEP Energy Services has a 52 week low of C$3.37 and a 52 week high of C$5.26. The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11.

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.