Rubellite Energy (TSE:RBY) Price Target Raised to C$3.00 at Stifel Nicolaus

Rubellite Energy (TSE:RBY – Get Rating) had its target price hoisted by Stifel Nicolaus from C$2.85 to C$3.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. Raymond James lowered their price objective on Rubellite Energy from C$4.50 to C$3.00 and set an outperform rating for the company in a research note on Monday, January 16th. BMO Capital Markets lowered their price objective on Rubellite Energy from C$4.00 to C$3.50 in a research note on Tuesday, December 13th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Buy and an average price target of C$4.00.

Rubellite Energy Stock Up 0.8 %

RBY stock opened at C$2.63 on Monday. The stock has a market capitalization of C$144.18 million and a P/E ratio of -0.22. The company has a current ratio of 0.46, a quick ratio of 1.21 and a debt-to-equity ratio of 7.52. Rubellite Energy has a 12 month low of C$1.58 and a 12 month high of C$5.14. The firm has a 50-day moving average price of C$2.24 and a 200-day moving average price of C$2.35.

About Rubellite Energy

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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