STEP Energy Services: Top 10 Undervalued Energy Sector Stocks on TSX (STEP)
STEP Energy Services is now ranked among the top 10 undervalued stocks in the Energy sector on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| PEA | Pieridae Energy | 0.58 | 1.14 | 0.56 (97.2%) | 72975 | 92.5 | 0.0 | 0.7 |
| ITE | i3 Energy | 0.21 | 0.39 | 0.17 (80.3%) | 314845 | 261.6 | 11.0 | 4.1 |
| GTE | Gran Tierra Energy | 9.42 | 15.52 | 6.10 (64.8%) | 54345 | 313.7 | 0.0 | 5.0 |
| CNE | Canacol Energy | 10.27 | 16.03 | 5.76 (56.0%) | 23302 | 350.3 | 10.1 | 1.4 |
| AKT-B | Akita Drilling | 1.95 | 2.83 | 0.88 (45.1%) | 80 | 78.0 | 0.0 | 2.9 |
| STEP | STEP Energy Services | 4.30 | 6.22 | 1.92 (44.7%) | 91059 | 317.6 | 0.0 | 3.9 |
| KEC | Kiwetinohk Energy | 13.31 | 17.38 | 4.07 (30.6%) | 5387 | 592.0 | 0.0 | 2.4 |
| PPR | Prairie Provident | 0.10 | 0.12 | 0.03 (29.6%) | 323328 | 39.9 | 0.0 | 0.0 |
| FORZ | Forza Petroleum | 0.11 | 0.14 | 0.03 (25.2%) | 63939 | 66.0 | 0.0 | 0.0 |
| MGA | Mega Uranium | 0.34 | 0.42 | 0.08 (24.6%) | 696406 | 124.6 | 0.0 | 0.0 |
All data provided as-at market close October 17, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
STEP Energy Services
STEP Energy Services Ltd is an oilfield service company. It provides coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions. STEP has a high-performance safety-focused culture and provides innovative, reliable, and cost-effective solutions to its E&P clients. The group's services are focused on the WCSB, Permian and Eagle Ford in Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado, and the Bakken in North Dakota.
STEP Energy Services is listed under STEP on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
