STEP Energy Services (TSE:STEP) Shares Up 0.4% – Still a Buy?

STEP Energy Services Ltd. (TSE:STEP) shares shot up 0.4% on Monday . The stock traded as high as C$5.08 and last traded at C$5.07. 28,890 shares were traded during mid-day trading, a decline of 77% from the average session volume of 127,376 shares. The stock had previously closed at C$5.05.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on STEP shares. Acumen Capital set a C$5.25 price target on shares of STEP Energy Services in a research report on Friday, October 11th. Raymond James decreased their target price on STEP Energy Services from C$6.25 to C$6.00 in a research note on Tuesday, October 15th. Royal Bank of Canada dropped their price target on STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th. Finally, BMO Capital Markets boosted their price objective on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th.

STEP Energy Services Price Performance

The stock has a market cap of C$361.27 million, a price-to-earnings ratio of 5.61 and a beta of 2.07. The company has a 50 day simple moving average of C$3.96 and a 200-day simple moving average of C$4.07. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45.

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.