STEP Energy Services (OTCMKTS:SNVVF) Price Target Increased to C$6.50 by Analysts at Stifel Nicolaus

STEP Energy Services (OTCMKTS:SNVVF – Get Rating) had its price target lifted by analysts at Stifel Nicolaus from C$4.50 to C$6.50 in a research note issued on Friday, The Fly reports.

Several other brokerages also recently weighed in on SNVVF. Royal Bank of Canada boosted their target price on STEP Energy Services from C$2.50 to C$3.00 in a research note on Friday, March 18th. BMO Capital Markets upgraded STEP Energy Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 31st. Finally, Raymond James upgraded STEP Energy Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 17th.

SNVVF stock traded up $0.06 on Friday, hitting $3.29. 35,100 shares of the company’s stock were exchanged, compared to its average volume of 9,692. STEP Energy Services has a 12-month low of $1.03 and a 12-month high of $3.50. The firm has a 50 day moving average price of $2.01 and a two-hundred day moving average price of $1.63.

About STEP Energy Services (Get Rating)

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service the oil and gas industry in Canada and the United States. It also provides chemical laboratory solutions; fluid pumping services for coiled tubing operations and standalone projects; and nitrogen pumping solutions for coiled tubing and hydraulic fracturing operations, as well as cased hole wireline and open hole wireline services.

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