Rubellite Energy (TSE:RBY - Get Free Report) received a C$4.00 target price from BMO Capital Markets in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' target price would suggest a potential upside of 49.25% from the stock's previous close.
Several other equities research analysts also recently weighed in on RBY. Stifel Nicolaus cut their price target on Rubellite Energy from C$3.80 to C$3.60 and set a "buy" rating on the stock in a report on Wednesday, March 20th. Raymond James dropped their price objective on Rubellite Energy from C$4.00 to C$3.25 and set an "outperform" rating on the stock in a report on Friday, January 19th.
Get Our Latest Stock Analysis on RBY
Rubellite Energy Stock Down 0.7 %
TSE RBY traded down C$0.02 during trading hours on Tuesday, hitting C$2.68. 37,022 shares of the company were exchanged, compared to its average volume of 26,477. The company has a 50 day moving average of C$2.40 and a two-hundred day moving average of C$2.31. The company has a quick ratio of 1.21, a current ratio of 0.62 and a debt-to-equity ratio of 14.71. Rubellite Energy has a 52-week low of C$1.58 and a 52-week high of C$2.85. The firm has a market cap of C$167.39 million, a price-to-earnings ratio of 8.93 and a beta of 1.21.
Rubellite Energy (TSE:RBY - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.15 earnings per share 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. Equities research analysts anticipate that Rubellite Energy will post 0.4499151 earnings per share for the current year.
About Rubellite Energy
(
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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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