BMO Capital Markets Issues Pessimistic Forecast for Rubellite Energy (TSE:RBY) Stock Price

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

Separately, Cormark raised shares of 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Rubellite Energy has an average rating of “Buy” and a consensus price target of C$3.28.

Rubellite Energy Price Performance

Shares of RBY opened at C$1.93 on Friday. The company has a market capitalization of C$130.45 million, a P/E ratio of 5.68 and a beta of 1.05. The firm has a 50 day moving average of C$2.13 and a 200 day moving average of C$2.25. Rubellite Energy has a twelve month low of C$1.87 and a twelve month 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.

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.