STEP Energy Services Ltd. (STEP.TO) (TSE:STEP) Stock Rating Upgraded by Raymond James

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STEP Energy Services Ltd. (STEP.TO) (TSE:STEP) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, Analyst Ratings Network reports. The firm presently has a C$1.75 price objective on the stock, up from their previous price objective of C$0.45. Raymond James’ price target points to a potential upside of 57.66% from the company’s current price.

Other equities research analysts have also issued reports about the company. National Bank Financial set a C$0.60 price objective on STEP Energy Services Ltd. (STEP.TO) and gave the stock a “sector perform” rating in a research note on Monday, November 9th. BMO Capital Markets raised their price objective on STEP Energy Services Ltd. (STEP.TO) from C$0.40 to C$0.50 in a research note on Wednesday, November 4th.

STEP opened at C$1.11 on Tuesday. The firm has a market cap of C$74.95 million and a PE ratio of -0.59. The company has a quick ratio of 1.55, a current ratio of 2.26 and a debt-to-equity ratio of 98.46. The business has a fifty day simple moving average of C$0.75 and a 200-day simple moving average of C$0.54. STEP Energy Services Ltd. has a fifty-two week low of C$0.00 and a fifty-two week high of C$1.60.

STEP Energy Services Ltd. (STEP.TO) Company Profile

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline 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 completions and intervention projects.

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