Research Analysts Issue Forecasts for Rubellite Energy Inc.’s Q2 2022 Earnings (TSE:RBY)

Rubellite Energy Inc. (TSE:RBYGet Rating) – Stifel Firstegy issued their Q2 2022 earnings estimates for shares of Rubellite Energy in a research report issued to clients and investors on Thursday, May 19th. Stifel Firstegy analyst R. Fitzmartyn expects that the company will post earnings of $0.05 per share for the quarter. Stifel Firstegy has a “Hold” rating on the stock.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus downgraded shares of Rubellite Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Cormark raised shares of Rubellite Energy from a “buy” rating to a “top pick” rating and raised their price objective for the stock from C$6.75 to C$7.25 in a research note on Monday, April 18th. BMO Capital Markets began coverage on shares of Rubellite Energy in a research note on Friday. They issued a “buy” rating and a C$6.00 price objective for the company. Finally, Raymond James set a C$6.00 price objective on shares of Rubellite Energy and gave the stock an “outperform” rating in a research note on Thursday, April 7th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$6.42.

Shares of TSE RBY opened at C$4.12 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 392.73. The stock has a market capitalization of C$225.46 million and a price-to-earnings ratio of 4.16. Rubellite Energy has a 1 year low of C$2.10 and a 1 year high of C$5.05.

About Rubellite Energy (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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Earnings History and Estimates for Rubellite Energy (TSE:RBY)

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