Atb Cap Markets upgraded shares of Rubellite Energy (TSE:RBY – Free Report) 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.
Read Our Latest Stock Report on Rubellite Energy
Rubellite Energy Trading Down 2.3 %
Rubellite Energy (TSE:RBY – Get Free Report) 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.
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