STEP Energy Services (TSE:STEP) Hits New 12-Month High – Still a Buy?

STEP Energy Services Ltd. (TSE:STEP) shares reached a new 52-week high on Wednesday . The stock 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.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STEP. Acumen Capital set a C$5.25 target price on STEP Energy Services in a report on Friday, October 11th. BMO Capital Markets upped their price target on STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. Finally, Raymond James lowered their price objective on STEP Energy Services from C$6.25 to C$6.00 in a research report on Tuesday, October 15th.

STEP Energy Services Price Performance

The stock has a market capitalization of C$376.32 million, a PE ratio of 5.73 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’s 50-day moving average price is C$4.39 and its 200-day moving average price is 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.