STEP Energy Services (TSE:STEP) Hits New 52-Week High – Still a Buy?

by · The Cerbat Gem

STEP Energy Services Ltd. (TSE:STEP – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$5.49 and last traded at C$5.49, with a volume of 7836 shares. The stock had previously closed at C$5.50.

STEP Energy Services Stock Performance

The company has a market capitalization of C$400.15 million, a P/E ratio of -49.91 and a beta of 1.60. The stock has a fifty day simple moving average of C$5.45 and a 200-day simple moving average of C$4.73. The company has a quick ratio of 1.11, a current ratio of 1.39 and a debt-to-equity ratio of 22.04.

STEP Energy Services (TSE:STEP – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported C$0.09 earnings per share for the quarter. STEP Energy Services had a net margin of 4.10% and a return on equity of 10.51%. The business had revenue of C$227.24 million for the quarter. Equities analysts forecast that STEP Energy Services Ltd. will post 1 EPS for the current year.

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.

Read More