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STEP Energy Services (TSE:STEP) Trading Up 27% - Should You Buy?

Written by MarketBeat
September 25, 2025
STEP Energy Services logo with Energy background

Key Points

  • STEP Energy Services Ltd. (TSE:STEP) saw its stock rise by 27% in mid-day trading, reaching a high of C$5.48 and closing at C$5.41, with a notable increase in trading volume.
  • Royal Bank of Canada upgraded its price objective for STEP from C$4.25 to C$4.50, maintaining a "sector perform" rating, while analysts' ratings show a mix of "Buy" and "Hold" for the stock.
  • The company's market capitalization stands at C$394.25 million, with financial metrics indicating a negative price-to-earnings ratio, which suggests potential losses in earnings relative to its stock price.
  • Interested in STEP Energy Services? Here are five stocks we like better.

STEP Energy Services Ltd. (TSE:STEP - Get Free Report) was up 27% during mid-day trading on Thursday . The stock traded as high as C$5.48 and last traded at C$5.41. Approximately 430,190 shares traded hands during trading, an increase of 982% from the average daily volume of 39,744 shares. The stock had previously closed at C$4.26.

Analyst Ratings Changes

Separately, Royal Bank Of Canada boosted their price objective on STEP Energy Services from C$4.25 to C$4.50 and gave the stock a "sector perform" rating in a research report on Thursday, June 26th. Two 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, STEP Energy Services currently has an average rating of "Moderate Buy" and an average target price of C$5.04.

View Our Latest Stock Report on STEP Energy Services

STEP Energy Services Price Performance

The stock has a market capitalization of C$394.25 million, a price-to-earnings ratio of -20.04 and a beta of 1.93. The company has a quick ratio of 1.11, a current ratio of 1.39 and a debt-to-equity ratio of 22.04. The business has a 50-day simple moving average of C$4.35 and a two-hundred day simple moving average of C$4.16.

About STEP Energy Services

(Get Free Report)

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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