Rubellite Energy (TSE:RBY) Stock Rating Lowered by Stifel Firstegy

Rubellite Energy (TSE:RBYGet Rating) was downgraded by equities researchers at Stifel Firstegy from a “buy” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

A number of other analysts also recently issued reports on RBY. Raymond James set a C$6.00 price objective on shares of Rubellite Energy and gave the company an “outperform” rating in a report on Thursday, April 7th. Cormark upgraded shares of Rubellite Energy from a “buy” rating to a “top pick” rating and lifted their price objective for the company from C$6.75 to C$7.25 in a report on Monday, April 18th. Finally, Stifel Nicolaus downgraded shares of Rubellite Energy from a “buy” rating to a “hold” rating in a report on Friday.

Shares of RBY stock opened at C$3.90 on Thursday. The company has a debt-to-equity ratio of 392.73, a quick ratio of 1.21 and a current ratio of 1.23. Rubellite Energy has a 52 week low of C$2.10 and a 52 week high of C$5.05. The company has a market cap of C$213.42 million and a price-to-earnings ratio of 3.94.

Rubellite Energy Company Profile (Get Rating)

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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