STEP Energy Services (TSE:STEP) Sets New 12-Month High – Time to Buy?

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

Wall Street Analyst Weigh In

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

STEP Energy Services Trading Down 4.8 %

The company has a debt-to-equity ratio of 25.45, a quick ratio of 1.11 and a current ratio of 1.47. The stock has a market cap of C$354.82 million, a price-to-earnings ratio of 5.50 and a beta of 2.07. The company’s 50 day simple moving average is C$4.46 and its two-hundred day simple moving average is C$4.21.

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.