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

Rubellite Energy (TSE:RBY) had its price target cut by analysts at BMO Capital Markets from C$4.00 to C$3.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 55.44% from the company’s current price.

Separately, Cormark upgraded shares of Rubellite Energy to a “moderate buy” rating in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$3.28.

Rubellite Energy Price Performance

TSE:RBY opened at C$1.93 on Friday. The company has a market cap of C$130.45 million, a P/E ratio of 5.68 and a beta of 1.05. The firm’s fifty day moving average price is C$2.13 and its two-hundred day moving average price is C$2.26. Rubellite Energy has a one year low of C$1.87 and a one year high of C$2.93. The company has a debt-to-equity ratio of 14.82, a current ratio of 0.42 and a quick ratio of 1.21.

About Rubellite Energy

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.