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STEP Energy Services ( (TSE:STEP) ) just unveiled an update.
STEP Energy Services Ltd. reported its financial results for the second quarter of 2025, showing consolidated revenue of $228 million, slightly down from $231.4 million in the same period of 2024. The company’s net income decreased to $5.9 million from $10.5 million in the previous year, reflecting a challenging quarter marked by reduced activity levels compared to the first quarter, which is typically the busiest for the industry. Despite these challenges, STEP continues to maintain a strong operational presence with significant horsepower capacity and active coiled tubing units, positioning itself for future growth in the energy services sector.
The most recent analyst rating on (TSE:STEP) stock is a Hold with a C$5.00 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 shows strengths in technical momentum and operational cash flow, yet faces challenges with profitability and valuation. Positive earnings call developments are offset by increased debt and geopolitical risks.
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 services industry, primarily providing fracturing and coiled tubing services. The company focuses on delivering efficient and reliable services to the oil and gas sector, utilizing advanced technology and equipment to enhance operational performance.
Average Trading Volume: 24,262
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$319.9M
See more data about STEP stock on TipRanks’ Stock Analysis page.