Rubellite Energy (TSE:RBY) Upgraded by Cormark to Moderate Buy Rating

Rubellite Energy (TSE:RBY) was upgraded by equities research analysts at Cormark to a “moderate buy” rating in a research note issued on Tuesday, Zacks.com reports.

Separately, Atb Cap Markets raised Rubellite Energy to a “strong-buy” rating in a research note on Monday, July 29th. 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 presently has a consensus rating of “Buy” and an average target price of C$3.62.

Rubellite Energy Stock Performance

The stock has a 50-day moving average price of C$2.23 and a 200-day moving average price of C$2.35. 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$1.95 and a twelve month high of C$2.93. The company has a market capitalization of C$139.91 million, a PE ratio of 6.15 and a beta of 1.05.

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

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.