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

Rubellite Energy (TSE:RBY) had its price objective dropped by BMO Capital Markets from C$4.00 to C$3.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 57.89% from the company’s current price.

Separately, Cormark raised Rubellite Energy to a “moderate buy” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$3.28.

Rubellite Energy Stock Down 2.1 %

Rubellite Energy stock traded down C$0.04 during midday trading on Friday, reaching C$1.90. The company’s stock had a trading volume of 11,707 shares, compared to its average volume of 35,073. Rubellite Energy has a fifty-two week low of C$1.87 and a fifty-two week high of C$2.93. The company has a quick ratio of 1.21, a current ratio of 0.42 and a debt-to-equity ratio of 14.82. The company has a market cap of C$128.42 million, a P/E ratio of 5.59 and a beta of 1.05. The business has a 50-day simple moving average of C$2.14 and a 200-day simple moving average of C$2.26.

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.