Rubellite Energy (TSE:RBY) Lifted to Strong-Buy at Atb Cap Markets

Atb Cap Markets upgraded shares of Rubellite Energy (TSE:RBY) to a strong-buy rating in a research note published on Monday morning, Zacks.com reports.

Separately, BMO Capital Markets set a C$4.00 price target on Rubellite Energy and gave the stock an outperform rating in a research report on Tuesday, April 9th.

Rubellite Energy Trading Down 2.3 %

RBY opened at C$2.17 on Monday. The firm has a market cap of C$135.54 million, a P/E ratio of 10.85 and a beta of 1.25. Rubellite Energy has a 12 month low of C$1.88 and a 12 month high of C$2.93. 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 stock has a 50-day moving average of C$2.30 and a 200 day moving average of C$2.40.

Rubellite Energy (TSE:RBY) last released its quarterly earnings results on Monday, May 13th. The company reported C$0.11 EPS for the quarter, topping the consensus estimate of C$0.08 by C$0.03. The company had revenue of C$29.82 million during the quarter. Rubellite Energy had a return on equity of 10.35% and a net margin of 23.07%. As a group, research analysts forecast that Rubellite Energy will post 0.4750958 EPS for the current year.

About Rubellite Energy

Rubellite Energy Inc, an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company operates in the Figure Lake area located in southwest of Lac La Biche, Alberta; the Marten Hills area is located in the northeast of Slave Lake; and the Ukalta area is located in the northeast of Edmonton, Alberta.