STEP Energy Services (TSE:STEP) Trading Down 5% – Should You Sell?

STEP Energy Services Ltd. (TSE:STEP) traded down 5% on Friday . The stock traded as low as C$4.94 and last traded at C$4.94. 118,722 shares traded hands during trading, a decline of 7% from the average session volume of 127,663 shares. The stock had previously closed at C$5.20.

Analysts Set New Price Targets

A number of research firms have weighed in on STEP. BMO Capital Markets increased their target price on STEP Energy Services from C$4.50 to C$5.00 in a report on Tuesday, November 5th. Acumen Capital set a C$5.25 target price on shares of STEP Energy Services in a report on Friday, October 11th. Finally, Raymond James lowered their target price on STEP Energy Services from C$6.25 to C$6.00 in a research report on Tuesday, October 15th.

STEP Energy Services Stock Down 6.2 %

The business has a 50-day moving average price of C$4.44 and a 200 day moving average price of C$4.20. The stock has a market capitalization of C$349.80 million, a P/E ratio of 5.44 and a beta of 2.07. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45.

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.