STEP Energy Services (TSE:STEP) Hits New 12-Month High – Still a Buy?

Shares of STEP Energy Services Ltd. (TSE:STEP) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$5.18 and last traded at C$5.11, with a volume of 321954 shares changing hands. The stock had previously closed at C$5.02.

Analysts Set New Price Targets

A number of research firms have issued reports on STEP. Raymond James lowered their price target on STEP Energy Services from C$6.25 to C$6.00 in a research report on Tuesday, October 15th. Royal Bank of Canada lowered their price target on STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th. Acumen Capital set a C$5.25 price target on STEP Energy Services in a research report on Friday, October 11th. Finally, BMO Capital Markets boosted their price target on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th.

STEP Energy Services Price Performance

The company has a 50-day moving average price of C$4.10 and a two-hundred day moving average price of C$4.11. 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 cap of C$374.89 million, a PE ratio of 5.81 and a beta of 2.07.

STEP Energy Services Company Profile

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.