STEP Energy Services (TSE:STEP) Shares Up 39% – Still a Buy?

STEP Energy Services Ltd. (TSE:STEP) rose 39% on Monday . The stock traded as high as C$4.96 and last traded at C$4.95. Approximately 411,177 shares were traded during trading, an increase of 334% from the average daily volume of 94,783 shares. The stock had previously closed at C$3.56.

Analyst Ratings Changes

STEP has been the topic of several recent analyst reports. Royal Bank of Canada decreased their price target on STEP Energy Services from C$5.50 to C$5.00 in a research note on Thursday, August 8th. Acumen Capital set a C$5.25 target price on shares of STEP Energy Services in a report on Friday, October 11th. BMO Capital Markets lowered their price objective on shares of STEP Energy Services from C$5.00 to C$4.50 in a research report on Friday, October 4th. Finally, Raymond James cut their target price on shares of STEP Energy Services from C$6.25 to C$6.00 in a research report on Tuesday, October 15th.

STEP Energy Services Trading Up 40.2 %

The company has a market cap of C$357.68 million, a P/E ratio of 5.50 and a beta of 2.07. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 25.45. The firm has a 50-day moving average of C$3.81 and a 200 day moving average of C$4.00.

STEP Energy Services Company Profile

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.