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Bullboard - Stock Discussion Forum Step Energy Services Ltd T.STEP

Alternate Symbol(s):  SNVVF

STEP Energy Services Ltd. is a Canada-based energy services company. The Company is engaged in providing coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. The Company’s segments include Canadian Operations and the United States Operations segments. It delivers completion and stimulation services to exploration and production (E&P) companies in Canada and the United... see more

Bullboard (TSX:STEP)

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Post by Whynottoday2on May 19, 2022 10:53am

Business is booming

.....new highs quarter or quarter, year over year. https://twitter.com/synmaxdata/status/1527285128631926784?s=21&t=TiYUhtzxfKNctEcM8Q9U-g   Question for RBC....who does Liberty take ...more  
Comment by Whynottoday2on May 17, 2022 10:34am

RE:RE:RE:RE:RE:RE:RE:RE:RE:Fair Value

  Morningstar Fair Value now $6.52 US DUC completions have fallen from 48% in October 2020 to 7% in April 2022, nuts!  ....will be amazed if STEP makes it passed September.  ...more  
Post by retiredcfon May 17, 2022 10:13am

Another Upgrade

Expecting a sustained jump in dayrates alongside rising rig counts, Raymond James analyst Andrew Bradford sees increased profitability for North American contract drillers. “At this point, each ...more  
Post by retiredcfon May 17, 2022 6:54am

Top Gainers

Symbol/ Company Price $ Change $ Volume Data delayed at least 15 minutes, as of 16/05/2022 4:00 PM ET | All market data delayed  ...more  
Post by retiredcfon May 17, 2022 5:59am

RBC Report

May 13, 2022 Outperform (prev: Sector Perform) Speculative Risk TSX: STEP; CAD 4.18 Price Target CAD 8.00 ↑ 4.00 STEP Energy ...more  
Post by retiredcfon May 17, 2022 5:57am

Upgrade

13/5/2022  STEP Energy Services Target Raised by ATB Capital C$5.50 C$6.25 Outperform
Post by kurtwalteron May 16, 2022 2:56pm

RBC on STEP, other service companies

Step Energy Services Ltd. ( STEP-T +13.64%increase   ) is “increasingly positioned to benefit from a soldout U.S. fracturing market,” according to RBC Dominion Securities analyst ...more  
Comment by Whynottoday2on May 16, 2022 9:52am

RE:RE:RE:RE:RE:RE:RE:RE:Fair Value

RBC Cap Mar - "US frac market consolidation could reduce industry fragmentation and encourage industry pricing discipline".........buckle up! 
Comment by EstevanOutsideron May 16, 2022 5:33am

RE:RE:RE:RE:RE:RE:RE:Fair Value

RBC report from Friday has STEP's upside target at $10 based on $159M 2023 EBITDA and a 4.5x ev/ebitda multiple which is lower than even junk Calfrac. I predict that STEP's 2023 EBITDA will ...more  
Post by EstevanOutsideron May 16, 2022 4:48am

RBC upgrades STEP to $8 outperform Friday

Multiple given now 4.5x. Still using low end of EBITDA in my view.
Comment by Whynottoday2on May 15, 2022 10:05am

RE:RE:RE:RE:RE:RE:Fair Value

$8, $10, $12..... all north of Morningstar's Take of $6.05. Hmmmm! Would have to say there is an 80-1 Rich Strike chance of a M&A and $12+ plays out!!
Comment by viper2000on May 15, 2022 9:25am

RE:RE:RE:RE:RE:Fair Value

thanks for the insight what other oil stocks do you own?
Comment by EstevanOutsideron May 15, 2022 2:21am

RE:RE:RE:RE:Fair Value

i think we'll see a couple more price target hikes and step could push $8-10 this year. q2 and q3 are both going to probably be ebitda beats and also more importantly, margin growth. the blueberry ...more  
Comment by viper2000on May 14, 2022 4:55am

RE:RE:RE:Fair Value

good to hear this stock is definitely flying under most peoples radar do you think it can hit 12 this year?
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