STEP Energy Services (TSE:STEP) Trading Down 5% – Here’s Why

STEP Energy Services Ltd. (TSE:STEPGet Free Report) shares were down 5% on Friday . The stock traded as low as C$4.94 and last traded at C$4.94. Approximately 118,722 shares changed hands during trading, a decline of 7% from the average daily volume of 127,663 shares. The stock had previously closed at C$5.20.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STEP. Raymond James dropped their price target on shares of STEP Energy Services from C$6.25 to C$6.00 in a research note on Tuesday, October 15th. Acumen Capital set a C$5.25 price target on shares of STEP Energy Services in a research report on Friday, October 11th. Finally, BMO Capital Markets increased their target price on shares of STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th.

Read Our Latest Report on STEP Energy Services

STEP Energy Services Price Performance

The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11. The company’s 50-day simple moving average is C$4.46 and its 200-day simple moving average is C$4.21. The stock has a market capitalization of C$354.82 million, a P/E ratio of 5.50 and a beta of 2.07.

STEP Energy Services Company Profile

(Get Free Report)

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.

Further Reading

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