Atb Cap Markets Analysts Lift Earnings Estimates for TSE:RBY

Rubellite Energy Inc. (TSE:RBY) – Equities research analysts at Atb Cap Markets lifted their FY2024 earnings per share (EPS) estimates for shares of Rubellite Energy in a report issued on Wednesday, November 13th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.51 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 upgraded shares of Rubellite Energy to a “moderate buy” rating in a research note 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$3.62.

Rubellite Energy Price Performance

RBY opened at C$2.04 on Thursday. Rubellite Energy has a 12-month low of C$1.95 and a 12-month high of C$2.93. The company has a market cap of C$137.88 million, a price-to-earnings ratio of 6.03 and a beta of 1.05. The company has a current ratio of 0.42, a quick ratio of 1.21 and a debt-to-equity ratio of 14.82. The stock has a fifty day simple moving average of C$2.19 and a two-hundred day simple moving average of C$2.33.

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.