In a new note to investors yesterday, an analyst has provided a rating update for STEP Energy Services Ltd (STEP). Vladislav Vlad, an analyst with Scotiabank, has upgraded their rating on STEP to Buy , with a C$3.75 price target.
According to TipRanks.com, Vlad is ranked #1889 out of 5163 analysts.
STEP Energy Services Ltd has an analyst consensus of Strong Buy, with a price target consensus of C$5, a 135.8% upside from current levels. In a report issued on January 31, CIBC also reiterated a Buy rating on the stock with a C$5.50 price target.
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The company has a one-year high of C$12.99 and a one-year low of C$1.65. Currently, STEP Energy Services Ltd has an average volume of 249.4K.
STEP Energy Services Ltd. explores oil and gas products. The company is a privately owned, technically focused, oilfield service company provides coiled tubing units and associated pumping and support equipment to service the horizontal market in Western Canada.
The company’s shares closed on Wednesday at C$2.12, close to its 52-week low of C$1.65.
