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STEP Energy Services ( (TSE:STEP) ) has shared an update.
STEP Energy Services announced the results of its 2025 annual general meeting, where seven directors were elected with overwhelming support. The board appointed Jeremy Gackle as chair and Edward LaFehr as lead director, with committee positions also confirmed. This leadership update is poised to strengthen STEP’s governance as it continues to provide innovative and reliable services to its clients in the energy sector.
The most recent analyst rating on (TSE:STEP) stock is a Hold with a C$5.50 price target. To see the full list of analyst forecasts on STEP Energy Services stock, see the TSE:STEP Stock Forecast page.
Spark’s Take on TSE:STEP Stock
According to Spark, TipRanks’ AI Analyst, TSE:STEP is a Neutral.
STEP Energy Services’ stock score reflects a mixed outlook. The company has made financial improvements with strong cash flow management and reduced leverage. However, technical indicators suggest a neutral market outlook, and valuation is limited by a negative P/E ratio. The earnings call provided positive operational insights, although risks remain from geopolitical tensions and increased debt. Overall, the stock demonstrates potential but faces challenges that temper its score.
To see Spark’s full report on TSE:STEP stock, click here.
More about STEP Energy Services
STEP Energy Services is an energy services company specializing in hydraulic fracturing, fluid and nitrogen pumping, and coiled tubing solutions. Founded in 2011, the company operates in North America, serving exploration and production companies with a focus on the Western Canadian Sedimentary Basin in Canada and various basins in the U.S., including the Permian and Eagle Ford in Texas.
Average Trading Volume: 22,831
Technical Sentiment Signal: Sell
Current Market Cap: C$280.7M
See more insights into STEP stock on TipRanks’ Stock Analysis page.