BMO Capital Markets Cuts Rubellite Energy (TSE:RBY) Price Target to C$3.00

Rubellite Energy (TSE:RBY) had its price objective trimmed by BMO Capital Markets from C$4.00 to C$3.00 in a research report report published on Friday,BayStreet.CA reports.

Separately, Cormark upgraded Rubellite Energy to a “moderate buy” rating in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$3.28.

Rubellite Energy Stock Performance

TSE:RBY opened at C$1.93 on Friday. The company has a quick ratio of 1.21, a current ratio of 0.42 and a debt-to-equity ratio of 14.82. Rubellite Energy has a twelve month low of C$1.87 and a twelve month high of C$2.93. The stock has a market cap of C$130.45 million, a P/E ratio of 5.68 and a beta of 1.05. The business’s 50-day moving average price is C$2.13 and its two-hundred day moving average price is C$2.25.

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.