Raymond James Lowers STEP Energy Services (TSE:STEP) Price Target to C$6.00

STEP Energy Services (TSE:STEP) had its price objective trimmed by Raymond James from C$6.25 to C$6.00 in a research note released on Tuesday morning, BayStreet.CA reports.

Other analysts have also issued reports about the stock. Royal Bank of Canada dropped their target price on shares of STEP Energy Services from C$5.50 to C$5.00 in a report on Thursday, August 8th. BMO Capital Markets reduced their target price on STEP Energy Services from C$5.00 to C$4.50 in a research note on Friday, October 4th. Finally, Acumen Capital set a C$5.25 price target on shares of STEP Energy Services in a report on Friday, October 11th.

STEP Energy Services Trading Down 1.1 %

TSE STEP opened at C$3.63 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45. STEP Energy Services has a 1-year low of C$3.37 and a 1-year high of C$4.82. The stock has a 50-day moving average of C$3.92 and a 200-day moving average of C$4.04. The firm has a market cap of C$260.20 million, a PE ratio of 4.03 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.