Rubellite Energy Inc. (TSE:RBY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$2.85 and last traded at C$2.85, with a volume of 33138 shares changing hands. The stock had previously closed at C$2.68.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Raymond James reduced their price objective on Rubellite Energy from C$4.00 to C$3.25 and set an "outperform" rating on the stock in a research report on Friday, January 19th. BMO Capital Markets set a C$4.00 target price on Rubellite Energy and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Stifel Nicolaus reduced their target price on Rubellite Energy from C$3.80 to C$3.60 and set a "buy" rating on the stock in a research report on Wednesday, March 20th.
View Our Latest Stock Analysis on Rubellite Energy
Rubellite Energy Trading Up 6.3 %
The company has a current ratio of 0.62, a quick ratio of 1.21 and a debt-to-equity ratio of 14.71. The business has a 50 day simple moving average of C$2.41 and a two-hundred day simple moving average of C$2.32. The stock has a market cap of C$178.01 million, a price-to-earnings ratio of 9.50 and a beta of 1.21.
Rubellite Energy (TSE:RBY - Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.08 by C$0.07. Rubellite Energy had a return on equity of 10.35% and a net margin of 23.07%. The company had revenue of C$27.22 million for the quarter. As a group, equities analysts anticipate that Rubellite Energy Inc. will post 0.4499151 EPS for the current year.
Rubellite Energy Company Profile
(
Get Free Report)
Rubellite Energy Inc engages in the exploration, development, production, and sale of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company was incorporated in 2021 and is headquartered in Calgary, Canada. Rubellite Energy Inc is a subsidiary of Perpetual Energy Inc
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