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An update from STEP Energy Services ( (TSE:STEP) ) is now available.
STEP Energy Services Ltd. announced that it has received the final court approval for its plan of arrangement with ARC Energy Fund 8 and other associated parties to acquire all outstanding shares not already owned by ARC entities. This acquisition, expected to close on December 16, 2025, follows shareholder approval and marks a significant step in consolidating ownership, potentially impacting STEP’s operations and market positioning by aligning more closely with ARC Financial Corp’s strategic interests.
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.
The overall stock score is primarily influenced by financial performance challenges, including declining revenues and profitability pressures. While technical analysis shows positive momentum, the valuation is negatively impacted by the company’s unprofitability. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:STEP stock, click here.
More about STEP Energy Services
STEP Energy Services Ltd. is an energy services company that specializes in providing coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions. Founded in 2011, the company has expanded its operations across North America, focusing on the Western Canadian Sedimentary Basin in Canada and various basins in the United States, including the Permian and Eagle Ford in Texas. STEP is known for its modern equipment, commitment to safety, and quality execution, catering to exploration and production companies with innovative and cost-effective solutions.
Average Trading Volume: 27,011
Technical Sentiment Signal: Buy
Current Market Cap: C$400.1M
See more insights into STEP stock on TipRanks’ Stock Analysis page.