STEP Energy Services (OTCMKTS:SNVVF) Downgraded by Raymond James to Market Perform

Raymond James downgraded shares of STEP Energy Services (OTCMKTS:SNVVF) from an outperform rating to a market perform rating in a report released on Monday, The Fly reports.

SNVVF has been the subject of a number of other research reports. Stifel Nicolaus upped their target price on STEP Energy Services from $1.10 to $1.70 and gave the stock a hold rating in a research report on Friday, March 19th. Royal Bank of Canada upped their target price on STEP Energy Services from $1.50 to $1.75 and gave the stock a sector perform rating in a research report on Friday, March 19th.

OTCMKTS:SNVVF opened at $1.13 on Monday. The stock has a 50 day moving average price of $1.07. STEP Energy Services has a 52 week low of $0.30 and a 52 week high of $1.38.

About STEP Energy Services

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service oil and natural gas wells 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, as well as cased hole wireline and open hole wireline services.

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