Royal Bank of Canada Lowers STEP Energy Services (TSE:STEP) Price Target to C$4.25

STEP Energy Services (TSE:STEP) had its price objective decreased by analysts at Royal Bank of Canada from C$5.00 to C$4.25 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 13.03% from the stock’s current price.

A number of other research firms have also commented on STEP. Cormark raised shares of STEP Energy Services from a “tender” rating to a “buy” rating and raised their price target for the stock from C$5.00 to C$5.50 in a research report on Monday, January 6th. Raymond James cut STEP Energy Services from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$5.50 to C$5.00 in a research note on Wednesday, April 9th. Finally, ATB Capital dropped their price objective on STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Monday, December 23rd.

STEP Energy Services Trading Down 1.6 %

Shares of STEP stock opened at C$3.76 on Thursday. STEP Energy Services has a 12-month low of C$3.35 and a 12-month high of C$5.26. The company has a market capitalization of C$269.05 million, a PE ratio of 6.51 and a beta of 2.07. The firm has a 50 day moving average price of C$4.20 and a two-hundred day moving average price of C$4.35. The company has a quick ratio of 1.11, a current ratio of 1.39 and a debt-to-equity ratio of 22.04.

STEP Energy Services Company Profile

STEP Energy Services is an energy services company that provides coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.