Rubellite Energy Inc. (TSE:RBY - Free Report) - Atb Cap Markets increased their FY2024 earnings per share estimates for shares of Rubellite Energy in a note issued to investors on Wednesday, November 13th. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $0.51 per share for the year, up from their prior estimate of $0.41. Atb Cap Markets 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 raised Rubellite Energy to a "moderate buy" rating in a research note on Tuesday, November 5th. Three 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 presently has an average rating of "Buy" and a consensus price target of C$3.62.
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Rubellite Energy Trading Up 0.5 %
Shares of Rubellite Energy stock traded up C$0.01 during trading hours on Thursday, reaching C$2.03. 28,008 shares of the company's stock were exchanged, compared to its average volume of 34,566. Rubellite Energy has a 52-week low of C$1.95 and a 52-week high of C$2.93. The company has a fifty day moving average of C$2.19 and a 200-day moving average of C$2.33. 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 firm has a market capitalization of C$137.21 million, a price-to-earnings ratio of 5.94 and a beta of 1.05.
About Rubellite Energy
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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.
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