STEP Energy Services Ltd (TSE:STEP)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$1.08 and last traded at C$1.13, with a volume of 86250 shares trading hands. The stock had previously closed at C$1.16.
A number of research analysts recently issued reports on the stock. National Bank Financial downgraded shares of STEP Energy Services from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$3.00 to C$2.00 in a research report on Wednesday, October 2nd. Raymond James restated an “outperform” rating and set a C$2.00 price target on shares of STEP Energy Services in a research note on Friday. CIBC decreased their price target on shares of STEP Energy Services from C$5.00 to C$4.50 in a research note on Tuesday, October 15th. Cormark boosted their price target on shares of STEP Energy Services from C$4.00 to C$4.50 in a research note on Friday, August 9th. Finally, BMO Capital Markets decreased their price target on shares of STEP Energy Services from C$1.75 to C$1.25 in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$3.34.
The firm has a market cap of $78.11 million and a P/E ratio of -1.31. The stock’s 50 day simple moving average is C$1.37 and its 200 day simple moving average is C$1.73. The company has a debt-to-equity ratio of 60.25, a quick ratio of 1.47 and a current ratio of 1.77.
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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