TSX

STEP Energy Services Ltd.

STEP.TO•Energy•Oil & Gas Equipment & Services
Current Price
$5.49
Today's Change
-0.18%
Market Cap
$400.15M
Volume
6.46K
🛢️

Commodity Exposure

Crude Oil

Current Price
$102.30/barrel
+2.85% today
💡

Industry Context

Energy companies are highly sensitive to oil prices. Every $10/barrel change can impact operating margins by 15-25%.

Price updated: Oct 23, 2026, 03:00 PM

💡 Quick Take

STEP Energy Services Ltd. provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing services to the oil and gas industry in Canada. The company shows strengths in liquidity with a current ratio of 1.67 and low debt levels (Debt/Equity of 0.15), indicating financial stability. However, concerns arise from low profitability metrics, with a net margin of only 3.0% and a return on equity of 1.7%. Despite decent gross and EBITDA margins, the overall financial health score of 63/100 suggests room for improvement in operational efficiency.

Based on 28 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$5.50
52 Week Low$3.35
Avg Volume21.13K
Beta1.30
Shares Outstanding72.89M

🔥 Valuation

Market Cap$400.15M
Enterprise Value$459.20M
P/E Ratio-49.91
EV/EBITDA ⚠️4.85x
Dividend Yield0.00%

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🚩 Red Flags

🟠

High Debt Load

Debt of $61.6M is 24.5x the company's cash position of $2.5M.

🟡

Revenue Softening

Revenue decreased 9.2% year-over-year from $1.0B to $910.4M.

🟡

Turned Unprofitable

Company went from $41.1M profit to $-7.8M loss compared to last year.

🌟 Opportunities

✨

Low debt-to-revenue ratio of 6.8% indicates conservative financial management.

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