STEP Energy Services Ltd. (TSE:STEP)’s stock price was down 6.5% on Monday . The stock traded as low as C$1.41 and last traded at C$1.44. Approximately 22,546 shares traded hands during trading, a decline of 63% from the average daily volume of 61,422 shares. The stock had previously closed at C$1.54.
Several analysts have recently weighed in on STEP shares. Royal Bank of Canada boosted their price objective on shares of STEP Energy Services from C$1.50 to C$1.75 and gave the stock a “sector perform” rating in a research report on Friday, March 19th. Raymond James restated an “outperform” rating and set a C$1.75 price objective on shares of STEP Energy Services in a research report on Friday, March 26th.
The company has a current ratio of 1.76, a quick ratio of 1.18 and a debt-to-equity ratio of 107.71. The company has a market capitalization of C$96.15 million and a price-to-earnings ratio of -0.80. The firm’s 50 day simple moving average is C$1.33 and its 200-day simple moving average is C$1.01.
STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service oil and natural gas wells 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, as well as cased hole wireline and open hole wireline services.
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