STEP Energy Services (TSE:STEP) Hits New 12-Month High – Still a Buy?

STEP Energy Services Ltd. (TSE:STEP) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$5.18 and last traded at C$5.11, with a volume of 321954 shares changing hands. The stock had previously closed at C$5.02.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank of Canada decreased their price objective on STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th. Acumen Capital set a C$5.25 price objective on STEP Energy Services in a research report on Friday, October 11th. Raymond James decreased their price objective on STEP Energy Services from C$6.25 to C$6.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets increased 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 Trading Up 4.2 %

The firm has a market capitalization of C$374.89 million, a PE ratio of 5.81 and a beta of 2.07. The business has a 50 day moving average price of C$4.10 and a 200-day moving average price of C$4.11. 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.