Rubellite Energy (TSE:RBY) Raised to “Moderate Buy” at Cormark

Rubellite Energy (TSE:RBY) was upgraded by stock analysts at Cormark to a “moderate buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

Separately, Atb Cap Markets upgraded shares of Rubellite Energy to a “strong-buy” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$3.62.

Rubellite Energy Stock Performance

Shares of RBY stock opened at C$2.11 on Tuesday. Rubellite Energy has a 12-month low of C$1.95 and a 12-month high of C$2.93. The company has a debt-to-equity ratio of 14.82, a current ratio of 0.42 and a quick ratio of 1.21. The firm has a market capitalization of C$142.61 million, a price-to-earnings ratio of 6.21 and a beta of 1.05. The business has a 50 day simple moving average of C$2.23 and a 200 day simple moving average of C$2.35.

Rubellite Energy (TSE:RBY) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter. Rubellite Energy had a return on equity of 11.06% and a net margin of 20.43%. The company had revenue of C$35.80 million during the quarter.

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.