STEP Energy Services (TSE:STEP) Reaches New 1-Year High - Time to Buy?

Key Points

• STEP Energy Services Ltd. has reached a new 52-week high, trading at C$5.45, up from a prior close of C$5.38.
• The company received a price target increase from Royal Bank of Canada, raising their target from C$4.25 to C$4.50 while maintaining a "sector perform" rating.
• Currently, STEP Energy Services has a consensus rating of "Moderate Buy" from analysts, with a consensus price target set at C$5.00.

STEP Energy Services Ltd. (TSE:STEP - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as C$5.45 and last traded at C$5.44, with a volume of 94960 shares changing hands. The stock had previously closed at C$5.38.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their price target on STEP Energy Services from C$4.25 to C$4.50 and gave the company a "sector perform" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$5.00.

STEP Energy Services Trading Up 1.1%

The company has a market capitalization of C$396.43 million, a PE ratio of -20.15 and a beta of 1.79. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 22.04. The stock has a fifty day moving average of C$4.67 and a two-hundred day moving average of C$4.29.

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.

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