STEP Energy Services (TSE:STEP) Price Target Cut to C$6.00 by Analysts at Raymond James

STEP Energy Services (TSE:STEP) had its price target decreased by Raymond James from C$6.25 to C$6.00 in a research report released on Friday,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Several other research firms have also commented on STEP. Acumen Capital set a C$5.25 price objective on STEP Energy Services in a research note on Friday, October 11th. BMO Capital Markets upped their price target on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th.

STEP Energy Services Stock Down 14.9 %

Shares of STEP stock opened at C$4.18 on Friday. 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 12 month low of C$3.37 and a 12 month high of C$5.26. The stock has a market cap of C$299.62 million, a P/E ratio of 4.64 and a beta of 2.07. The company has a 50 day simple moving average of C$4.55 and a two-hundred day simple moving average of C$4.23.

About STEP Energy Services

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.