Shares of STEP Energy Services (TSE:STEP) saw a 3.8% increase after Royal Bank of Canada raised their price target for the stock from C$4.25 to C$5.00. The bank’s new target price suggests a potential upside of 22.25% from the stock’s previous close.
Other analysts have also issued research reports on STEP Energy Services. BMO Capital Markets lowered their price target on the stock from C$6.00 to C$5.00. ATB Capital lowered theirs from C$8.00 to C$7.50, while Cormark lowered theirs from C$11.00 to C$8.50. Raymond James also lowered their price target from C$10.00 to C$7.00, but maintained a “strong-buy” rating. Acumen Capital set a C$6.00 target price and gave the company a “buy” rating.
As of Friday, STEP Energy Services opened at C$4.09. The company has a market capitalization of C$292.93 million, a price-to-earnings ratio of 2.69, and a beta of 2.65. Its 1-year low is C$2.63, while its 1-year high is C$6.85. The stock’s fifty-day moving average is C$3.33 and its two-hundred-day moving average is C$3.68. The company has a debt-to-equity ratio of 46.81, a quick ratio of 1.11, and a current ratio of 1.44.
STEP Energy Services Ltd. is an oilfield service company that provides coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing services to the oil and gas industry in Canada and the United States. It is also involved in standalone projects and provides fluid pumping services for coiled tubing operations.
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