STEP Energy Services (OTCMKTS:SNVVF) Price Target Raised to C$7.50 at BMO Capital Markets

STEP Energy Services (OTCMKTS:SNVVF – Get Rating) had its price target lifted by equities researchers at BMO Capital Markets from C$4.50 to C$7.50 in a report issued on Thursday, The Fly reports.

A number of other analysts have also issued reports on the company. Raymond James upgraded STEP Energy Services from a “market perform” rating to an “outperform” rating in a report on Thursday, March 17th. Royal Bank of Canada boosted their price target on STEP Energy Services from C$2.50 to C$3.00 in a report on Friday, March 18th. Finally, Stifel Nicolaus boosted their price target on STEP Energy Services from C$4.50 to C$6.50 in a report on Friday, April 22nd.

Shares of OTCMKTS SNVVF opened at $3.21 on Thursday. The stock has a 50 day moving average price of $2.53 and a 200 day moving average price of $1.83. STEP Energy Services has a 52-week low of $1.03 and a 52-week high of $3.50.

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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