National Bank Financial Raises STEP Energy Services (TSE:STEP) Price Target to C$0.50

STEP Energy Services (TSE:STEP) had its price objective hoisted by National Bank Financial from C$0.35 to C$0.50 in a report published on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

STEP has been the topic of a number of other research reports. Raymond James cut their price target on shares of STEP Energy Services from C$0.50 to C$0.40 and set a market perform rating on the stock in a report on Friday, May 22nd. CIBC cut their price target on shares of STEP Energy Services from C$1.50 to C$1.00 in a report on Wednesday, April 22nd. Royal Bank of Canada lowered their price objective on shares of STEP Energy Services from C$0.50 to C$0.40 and set an underperform rating on the stock in a research report on Friday, May 22nd. BMO Capital Markets lowered their price objective on shares of STEP Energy Services from C$0.50 to C$0.40 in a research report on Friday, May 22nd. Finally, AltaCorp Capital lowered their price objective on shares of STEP Energy Services from C$0.90 to C$0.50 in a research report on Wednesday, April 15th.

STEP stock opened at C$0.47 on Monday. STEP Energy Services has a 52-week low of C$0.28 and a 52-week high of C$1.94. The company’s 50 day simple moving average is C$0.46 and its 200-day simple moving average is C$0.79. The company has a debt-to-equity ratio of 97.44, a current ratio of 1.90 and a quick ratio of 1.60. The firm has a market capitalization of $31.71 million and a P/E ratio of -0.16.

About STEP Energy Services

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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