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

STEP Energy Services Ltd. (TSE:STEP) hit a new 52-week high on Wednesday . The company traded as high as C$5.23 and last traded at C$5.25, with a volume of 94281 shares traded. The stock had previously closed at C$5.16.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Raymond James cut their price objective on shares of STEP Energy Services from C$6.25 to C$6.00 in a research report on Tuesday, October 15th. Finally, Acumen Capital set a C$5.25 target price on shares of STEP Energy Services in a research note on Friday, October 11th.

STEP Energy Services Price Performance

The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 25.45. The firm has a market cap of C$376.32 million, a PE ratio of 5.73 and a beta of 2.07. The stock has a 50 day moving average price of C$4.39 and a two-hundred day moving average price of C$4.18.

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.