Rubellite Energy (TSE:RBY) Given New C$3.00 Price Target at BMO Capital Markets

Rubellite Energy (TSE:RBY) had its price target decreased by BMO Capital Markets from C$4.00 to C$3.00 in a research note released on Friday,BayStreet.CA reports.

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

Rubellite Energy Price Performance

TSE RBY opened at C$1.93 on Friday. The company has a debt-to-equity ratio of 14.82, a quick ratio of 1.21 and a current ratio of 0.42. The stock has a market cap of C$130.45 million, a price-to-earnings ratio of 5.68 and a beta of 1.05. The business has a 50 day simple moving average of C$2.13 and a 200 day simple moving average of C$2.26. Rubellite Energy has a 52-week low of C$1.87 and a 52-week high of C$2.93.

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.