Acumen Capital Reiterates “C$5.25” Price Target for STEP Energy Services (TSE:STEP)

STEP Energy Services (TSE:STEP) received a C$5.25 price target from analysts at Acumen Capital in a note issued to investors on Friday, BayStreet.CA reports. Acumen Capital’s price objective would indicate a potential upside of 36.36% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets decreased their price target on shares of STEP Energy Services from C$5.00 to C$4.50 in a research report on Friday, October 4th. Royal Bank of Canada decreased their price target on shares of STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th. Finally, Raymond James upped their price objective on shares of STEP Energy Services from C$6.00 to C$6.25 in a research report on Thursday, August 8th.

STEP Energy Services Stock Up 1.3 %

Shares of STEP Energy Services stock opened at C$3.85 on Friday. The company has a fifty day moving average price of C$3.97 and a 200 day moving average price of C$4.04. 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 twelve month low of C$3.37 and a twelve month high of C$4.82. The stock has a market cap of C$275.97 million, a price-to-earnings ratio of 4.28 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.