STEP Energy Services (TSE:STEP) Trading Up 2.1%

STEP Energy Services Ltd. (TSE:STEP)’s stock price traded up 2.1% during mid-day trading on Thursday . The company traded as high as C$3.94 and last traded at C$3.89. Approximately 58,765 shares changed hands during trading, a decline of 40% from the average daily volume of 97,989 shares. The stock had previously closed at C$3.81.

Analyst Ratings Changes

A number of research firms have recently weighed in on STEP. Raymond James boosted their target price on STEP Energy Services from C$6.00 to C$6.25 in a research note on Thursday, August 8th. Royal Bank of Canada lowered their price objective on STEP Energy Services from C$5.50 to C$5.00 in a research report on Thursday, August 8th.

STEP Energy Services Stock Down 0.8 %

The company has a market capitalization of C$276.68 million, a P/E ratio of 4.29 and a beta of 2.11. The company has a 50-day moving average of C$4.11 and a two-hundred day moving average of C$4.04. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 25.45.

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.