STEP Energy Services (TSE:STEP) Given New C$3.00 Price Target at National Bank Financial

STEP Energy Services (TSE:STEP) had its price target cut by National Bank Financial from C$3.25 to C$3.00 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on STEP. Cormark upped their price objective on shares of STEP Energy Services from C$4.00 to C$4.50 in a research report on Friday, August 9th. Raymond James cut their price objective on shares of STEP Energy Services from C$6.00 to C$4.50 and set a strong-buy rating for the company in a research report on Friday, August 9th. BMO Capital Markets cut their price objective on shares of STEP Energy Services from C$2.50 to C$2.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a C$2.75 price objective on shares of STEP Energy Services in a research report on Wednesday, July 3rd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$4.72.

Shares of STEP Energy Services stock opened at C$1.48 on Thursday. The firm has a 50-day moving average of C$1.73 and a 200-day moving average of C$2.02. The stock has a market cap of $98.81 million and a PE ratio of -1.76. STEP Energy Services has a 52-week low of C$1.34 and a 52-week high of C$8.23. The company has a debt-to-equity ratio of 60.25, a quick ratio of 1.47 and a current ratio of 1.77.

STEP Energy Services Company Profile

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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Analyst Recommendations for STEP Energy Services (TSE:STEP)

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