STEP Energy Services Ltd (TSE:STEP) Receives Consensus Rating of “Hold” from Brokerages

STEP Energy Services Ltd (TSE:STEP) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$2.66.

STEP has been the subject of several research reports. AltaCorp Capital reduced their target price on STEP Energy Services from C$2.00 to C$1.20 in a research note on Monday, November 11th. National Bank Financial dropped their price target on STEP Energy Services from C$2.00 to C$1.30 and set a “sector perform” rating on the stock in a research note on Monday, November 25th. TD Securities cut their price target on STEP Energy Services from C$1.70 to C$1.40 and set a “hold” rating on the stock in a report on Monday, November 11th. BMO Capital Markets reduced their price objective on STEP Energy Services from C$1.75 to C$1.25 in a research note on Friday, November 8th. Finally, Raymond James reissued an “outperform” rating and issued a C$2.00 price objective on shares of STEP Energy Services in a research note on Friday, November 8th.

STEP remained flat at $C$1.00 during midday trading on Friday. 51,359 shares of the company’s stock traded hands, compared to its average volume of 154,740. The stock has a market cap of $66.80 million and a P/E ratio of -0.37. The stock’s 50 day simple moving average is C$1.15 and its 200 day simple moving average is C$1.58. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 78.63. STEP Energy Services has a 12-month low of C$0.86 and a 12-month high of C$2.96.

About STEP Energy Services

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing and fracturing 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 stimulation and intervention projects for clients operating in unconventional oil, gas, and liquids rich plays.

Recommended Story: Hold Rating

Analyst Recommendations for STEP Energy Services (TSE:STEP)

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