BMO Capital Markets Reiterates “C$4.00” Price Target for Rubellite Energy (TSE:RBY)

BMO Capital Markets set a C$4.00 price objective on Rubellite Energy (TSE:RBYFree Report) in a research note published on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently commented on RBY. Raymond James cut their target price on shares of Rubellite Energy from C$4.00 to C$3.25 and set an outperform rating for the company in a research note on Friday, January 19th. Stifel Nicolaus decreased their target price on shares of 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.

Read Our Latest Analysis on Rubellite Energy

Rubellite Energy Trading Down 1.0 %

TSE RBY opened at C$2.85 on Tuesday. The company has a market capitalization of C$178.01 million, a PE ratio of 9.50 and a beta of 1.21. The company has a fifty day moving average of C$2.43 and a 200 day moving average of C$2.33. Rubellite Energy has a 1 year low of C$1.58 and a 1 year high of C$2.93. The company has a debt-to-equity ratio of 14.71, a current ratio of 0.62 and a quick ratio of 1.21.

Rubellite Energy (TSE:RBYGet Free Report) last posted its earnings results on Thursday, March 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.07. Rubellite Energy had a net margin of 23.07% and a return on equity of 10.35%. The company had revenue of C$27.22 million during the quarter. Research analysts forecast that Rubellite Energy will post 0.4499151 earnings per share for the current year.

Rubellite Energy Company Profile

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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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