Several other analysts have also weighed in on the company. National Bank Financial decreased their price target on STEP Energy Services from C$12.00 to C$11.00 and set an outperform rating on the stock in a report on Thursday. Industrial Alliance Securities decreased their price target on STEP Energy Services from C$16.25 to C$11.00 in a report on Tuesday, October 9th. Raymond James lowered STEP Energy Services from a strong-buy rating to an outperform rating and decreased their price target for the company from C$18.00 to C$15.00 in a report on Friday, September 21st. Royal Bank of Canada reduced their target price on STEP Energy Services from C$17.00 to C$15.00 and set an outperform rating on the stock in a research note on Friday, August 3rd. Finally, TD Securities reduced their target price on STEP Energy Services from C$14.50 to C$13.50 and set a buy rating on the stock in a research note on Friday, August 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of C$9.28.
TSE:STEP traded down C$0.48 during midday trading on Friday, hitting C$2.85. 1,217,400 shares of the company traded hands, compared to its average volume of 176,242. STEP Energy Services has a 12-month low of C$2.80 and a 12-month high of C$13.65. The company has a debt-to-equity ratio of 57.81, a quick ratio of 1.47 and a current ratio of 1.77.
About STEP Energy Services
STEP Energy Services Ltd. operates as an oilfield service company that provides fracturing and coiled tubing solutions in Canada and the United States. It 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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