STEP Energy Services (TSE:STEP) Given New C$0.45 Price Target at National Bank Financial

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STEP Energy Services (TSE:STEP) had its price objective cut by National Bank Financial from C$0.50 to C$0.45 in a report released on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other brokerages have also weighed in on STEP. Raymond James set a C$0.40 price objective on STEP Energy Services and gave the stock a market perform rating in a research report on Monday. Royal Bank of Canada reduced their price objective on STEP Energy Services from C$0.50 to C$0.40 and set an underperform rating on the stock in a research report on Friday, May 22nd. BMO Capital Markets reduced their price objective on STEP Energy Services from C$0.50 to C$0.40 in a research report on Friday, May 22nd. Finally, CIBC reduced their price objective on STEP Energy Services from C$0.75 to C$0.60 in a research report on Thursday, July 16th.

Shares of STEP stock opened at C$0.47 on Monday. The firm has a market capitalization of $27.46 million and a P/E ratio of -0.16. STEP Energy Services has a twelve month low of C$0.28 and a twelve month high of C$1.74. The company has a quick ratio of 1.60, a current ratio of 1.90 and a debt-to-equity ratio of 97.44. The stock’s fifty day simple moving average is C$0.43 and its 200 day simple moving average is C$0.57.

STEP Energy Services Company Profile

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.

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