The Globe and Mail reports in its Friday, March 14, edition that Raymond James analyst Michael Barth continues to see "good value" in Step Energy Services. The Globe's David Leeder writes that Mr. Barth has reaffirmed his "outperform" recommendation for Step Energy Services. Mr. Barth gave his share target a 25-cent trim to $5.50. Analysts on average target the shares at $5.18. Mr. Barth says in a note: "Step Energy's balance sheet is in great shape, and we still believe they have capacity to pursue shareholder returns via the NCIB this year (and in subsequent years). ... Given the difficult operating environment STEP has decided to suspend its U.S. frac operations, and will begin an orderly wind down process once 1Q25 work is complete. We have reduced our U.S. frac estimates accordingly. The remaining frac equipment could be brought into Canada, replacing the older Tier 2 equipment, or could be sold to a willing buyer. On the coil tubing front, activity has shown improvement. Midway through 1Q25 STEP reactivated one idle unit (12 active) and could add another in 1H25 if demand continues. Notably, now that U.S. frac will be suspended, we don't expect any customer attrition in the coil tubing business."