Cormark Upgrades Rubellite Energy (TSE:RBY) to Moderate Buy

Cormark upgraded shares of Rubellite Energy (TSE:RBY) to a moderate buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, Atb Cap Markets raised 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rubellite Energy currently has a consensus rating of “Buy” and an average price target of C$3.62.

Rubellite Energy Stock Performance

Shares of TSE RBY opened at C$2.09 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 1.21 and a debt-to-equity ratio of 14.82. Rubellite Energy has a 1-year low of C$1.95 and a 1-year high of C$2.93. The stock has a market cap of C$141.26 million, a price-to-earnings ratio of 6.15 and a beta of 1.05. The stock’s 50-day moving average is C$2.22 and its 200 day moving average is C$2.34.

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

Rubellite Energy Company Profile

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.