ATB Capital Has Lowered Expectations for STEP Energy Services (TSE:STEP) Stock Price

STEP Energy Services (TSE:STEP) had its price target dropped by analysts at ATB Capital from C$5.50 to C$5.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price objective indicates a potential upside of 21.36% from the company’s current price.

Several other equities research analysts have also commented on STEP. Acumen Capital set a C$5.25 price target on STEP Energy Services in a research note on Friday, October 11th. 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. Finally, Raymond James reduced their price target on shares of STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, STEP Energy Services presently has an average rating of “Hold” and a consensus target price of C$5.17.

STEP Energy Services Trading Down 1.4 %

Shares of STEP Energy Services stock traded down C$0.06 during trading hours on Monday, reaching C$4.12. 32,062 shares of the company’s stock were exchanged, compared to its average volume of 133,897. 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 fifty day moving average of C$4.55 and a 200-day moving average of C$4.23. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45. The firm has a market capitalization of C$295.32 million, a price-to-earnings ratio of 4.58 and a beta of 2.07.

STEP Energy Services Company Profile

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.