ATB Capital Cuts STEP Energy Services (TSE:STEP) Price Target to C$5.00

STEP Energy Services (TSE:STEP) had its price objective lowered by investment analysts at ATB Capital from C$5.50 to C$5.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price objective points to a potential upside of 21.36% from the stock’s current price.

STEP has been the topic of a number of other reports. Acumen Capital set a C$5.25 price objective on shares of STEP Energy Services in a research note on Friday, October 11th. BMO Capital Markets boosted their price target on shares of STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Finally, Raymond James decreased their price objective on shares of STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$5.17.

STEP Energy Services Stock Performance

STEP stock traded down C$0.06 on Monday, reaching C$4.12. The company’s stock had a trading volume of 32,062 shares, compared to its average volume of 133,897. The firm has a fifty day moving average of C$4.55 and a two-hundred day moving average of C$4.23. The company has a debt-to-equity ratio of 25.45, a current ratio of 1.47 and a quick ratio of 1.11. The company has a market capitalization of C$295.32 million, a P/E ratio of 4.58 and a beta of 2.07. STEP Energy Services has a 52 week low of C$3.37 and a 52 week high of C$5.26.

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.