STEP Energy Services (TSE:STEP) Price Target Raised to C$9.00

STEP Energy Services (TSE:STEPGet Rating) had its price target lifted by research analysts at ATB Capital to C$9.00 in a report issued on Wednesday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price target indicates a potential upside of 100.45% from the company’s previous close.

Other research analysts also recently issued reports about the company. Royal Bank of Canada upgraded STEP Energy Services from a “sector perform” rating to a “buy” rating and boosted their price target for the company from C$4.00 to C$8.00 in a report on Monday, May 16th. Raymond James upped their price objective on STEP Energy Services from C$4.25 to C$6.00 and gave the stock an “outperform” rating in a report on Tuesday, May 17th. Finally, BMO Capital Markets upgraded STEP Energy Services from a “market perform” rating to a “buy” rating and upped their price objective for the stock from C$2.50 to C$4.00 in a report on Friday, April 1st.

Shares of STEP opened at C$4.49 on Wednesday. The stock has a fifty day moving average of C$4.56 and a two-hundred day moving average of C$2.92. The company has a debt-to-equity ratio of 128.82, a quick ratio of 1.09 and a current ratio of 1.36. The company has a market capitalization of C$306.24 million and a PE ratio of -27.72. STEP Energy Services has a fifty-two week low of C$1.32 and a fifty-two week high of C$5.85.

About STEP Energy Services (Get Rating)

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service the oil and gas industry in Canada and the United States. It also provides chemical laboratory solutions; fluid pumping services for coiled tubing operations and standalone projects; and nitrogen pumping solutions for coiled tubing and hydraulic fracturing operations, as well as cased hole wireline and open hole wireline services.

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