TSE:RBY FY2024 EPS Forecast Boosted by Atb Cap Markets

Rubellite Energy Inc. (TSE:RBY) – Research analysts at Atb Cap Markets upped their FY2024 EPS estimates for Rubellite Energy in a research note issued to investors on Wednesday, November 13th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.51 per share for the year, up from their prior forecast of $0.41. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. Atb Cap Markets also issued estimates for Rubellite Energy’s Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.11 EPS, FY2025 earnings at $0.49 EPS and FY2026 earnings at $0.34 EPS.

Separately, Cormark raised Rubellite Energy to a “moderate buy” rating in a research note 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 stock currently has an average rating of “Buy” and a consensus price target of C$3.62.

Rubellite Energy Stock Performance

RBY opened at C$2.08 on Thursday. 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 company has a market capitalization of C$140.59 million, a price-to-earnings ratio of 6.12 and a beta of 1.05. The business has a 50 day moving average price of C$2.18 and a two-hundred day moving average price of C$2.32. Rubellite Energy has a 1-year low of C$1.95 and a 1-year high of C$2.93.

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.