Recent Investment Analysts’ Ratings Changes for STEP Energy Services (STEP)

Several analysts have recently updated their ratings and price targets for STEP Energy Services (TSE: STEP):

  • 11/12/2019 – STEP Energy Services had its price target lowered by analysts at CIBC from C$4.50 to C$3.75.
  • 11/11/2019 – STEP Energy Services had its price target lowered by analysts at TD Securities from C$1.70 to C$1.40. They now have a “hold” rating on the stock.
  • 11/11/2019 – STEP Energy Services had its price target lowered by analysts at AltaCorp Capital from C$2.00 to C$1.20.
  • 11/8/2019 – STEP Energy Services had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a C$2.00 price target on the stock.
  • 11/8/2019 – STEP Energy Services had its price target lowered by analysts at BMO Capital Markets from C$1.75 to C$1.25.
  • 10/15/2019 – STEP Energy Services had its price target lowered by analysts at CIBC from C$5.00 to C$4.50.
  • 10/2/2019 – STEP Energy Services was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating. They now have a C$2.00 price target on the stock, down previously from C$3.00.

Shares of STEP opened at C$0.95 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.51 and a debt-to-equity ratio of 78.63. STEP Energy Services Ltd has a 12 month low of C$0.90 and a 12 month high of C$2.97. The stock’s 50 day moving average is C$1.25 and its two-hundred day moving average is C$1.65. The firm has a market cap of $62.12 million and a P/E ratio of -0.36.

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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