STEP Energy Services (TSE:STEP) Shares Up 1.1% - Should You Buy?

STEP Energy Services Ltd. (TSE:STEP - Get Free Report) shares were up 1.1% during trading on Thursday . The stock traded as high as C$3.97 and last traded at C$3.80. Approximately 4,300 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 57,177 shares. The stock had previously closed at C$3.76.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on STEP shares. Royal Bank of Canada dropped their price target on STEP Energy Services from C$5.00 to C$4.25 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Raymond James lowered STEP Energy Services from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from C$5.50 to C$5.00 in a report on Wednesday, April 9th.

STEP Energy Services Stock Up 1.6 %

The company has a debt-to-equity ratio of 22.04, a current ratio of 1.39 and a quick ratio of 1.11. The firm has a market capitalization of C$276.20 million, a P/E ratio of 6.68 and a beta of 2.07. The company's 50-day simple moving average is C$4.01 and its two-hundred day simple moving average is C$4.36.

About STEP Energy Services

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.