Raymond James upgraded shares of STEP Energy Services (TSE:STEP – Get Rating) to a buy rating in a research report report published on Tuesday, TipRanks reports. The brokerage currently has C$7.75 price target on the stock.
Several other research analysts have also issued reports on STEP. Royal Bank of Canada raised STEP Energy Services from a sector perform rating to a buy rating and upped their target price for the company from C$4.00 to C$8.00 in a research report on Monday, May 16th. ATB Capital boosted their price target on STEP Energy Services to C$9.00 and gave the company an outperform rating in a research note on Wednesday. Finally, BMO Capital Markets upgraded STEP Energy Services from a market perform rating to a buy rating and boosted their price target for the company from C$2.50 to C$4.00 in a research note on Friday, April 1st.
Shares of TSE:STEP opened at C$4.49 on Tuesday. The business’s 50-day moving average is C$4.56 and its 200 day moving average is C$2.92. STEP Energy Services has a 1 year low of C$1.32 and a 1 year high of C$5.85. The firm has a market capitalization of C$306.24 million and a P/E ratio of -27.72. The company has a debt-to-equity ratio of 128.82, a current ratio of 1.36 and a quick ratio of 1.09.
STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service the oil and gas industry in Canada and the United States. It also provides chemical laboratory solutions; fluid pumping services for coiled tubing operations and standalone projects; and nitrogen pumping solutions for coiled tubing and hydraulic fracturing operations, as well as cased hole wireline and open hole wireline services.
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