Rubellite Energy (TSE:RBY – Get Free Report) has been assigned a C$4.00 price objective by stock analysts at BMO Capital Markets in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 48.70% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Raymond James decreased their price objective on shares of Rubellite Energy from C$4.00 to C$3.25 and set an “outperform” rating for the company in a research report on Friday, January 19th. Stifel Nicolaus lowered their price objective on Rubellite Energy from C$3.80 to C$3.60 and set a “buy” rating for the company in a research report on Wednesday, March 20th.
Check Out Our Latest Report on RBY
Rubellite Energy Trading Down 0.4 %
Rubellite Energy (TSE:RBY – Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.07. The business had revenue of C$27.22 million during the quarter. Rubellite Energy had a return on equity of 10.35% and a net margin of 23.07%. Analysts forecast that Rubellite Energy will post 0.4499151 EPS for the current year.
Rubellite Energy Company Profile
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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