STEP Energy Services Reports Q1 2025 Financial Results

An update from STEP Energy Services ( (TSE:STEP) ) is now available.

STEP Energy Services Ltd. reported a decrease in consolidated revenue for Q1 2025, down 4% from the same period in 2024, while net income also fell to $24.2 million from $41.4 million. Despite these declines, the company made progress on its shareholder return strategy by repurchasing shares under its Normal Course Issuer Bid, indicating a commitment to enhancing shareholder value.

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’ overall stock score reflects a moderate performance with areas of concern. Financially, the company shows recovery from past difficulties, but thin margins and low ROE persist. Technical analysis indicates a bearish trend, while valuation suggests overpricing. Earnings call insights are mixed, with positive highlights overshadowed by significant challenges. Investors should be cautious, considering the company’s financial recovery and operational strengths against its valuation and technical outlook.

To see Spark’s full report on TSE:STEP stock, click here.

More about STEP Energy Services

STEP Energy Services Ltd. operates in the energy sector, providing fracturing and coiled tubing services. The company focuses on delivering efficient and innovative solutions for oil and gas extraction, primarily serving the North American market.

Average Trading Volume: 22,511

Technical Sentiment Signal: Sell

Current Market Cap: C$275M

See more insights into STEP stock on TipRanks’ Stock Analysis page.