The Globe and Mail reports in its Friday edition that after previewing second quarter results for North American oil and gas services providers, RBC Capital analyst Keith Mackey bumped his share target for Step Energy Services to $4.50 from $4.25 with a "sector perform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $4.93. Mr. Mackey says in a note: "2Q25 reporting for our oil and gas services coverage begins July 18 with SLB. Covered stocks are down 23 per cent year-to-date, while WTI is down 10 per cent, but up 18 per cent from recent lows. This divergence should centre discussions on how much downside remains in the stocks. We are generally below the Street for Q2 EBITDA estimates, but see select opportunities for relatively favourable risk/reward setups across our coverage. Our fundamental stock selection leans toward differentiated and resilient business models, offering unique thematic exposure, basin diversification, and strong or improving FCF fundamentals. Our preferred list across our global coverage is: Enerflex, Trican Well Service and CES Energy Solutions. Within this update, we have added CES Energy and removed Pason Systems."