FY2024 EPS Estimates for TSE:RBY Lifted by Atb Cap Markets

Rubellite Energy Inc. (TSE:RBY) – Equities researchers at Atb Cap Markets upped their FY2024 earnings estimates for Rubellite Energy in a report released on Wednesday, November 13th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.51 per share for the year, up from their previous forecast 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Rubellite Energy presently has an average rating of “Buy” and a consensus price target of C$3.62.

Rubellite Energy Trading Up 1.0 %

TSE RBY opened at C$2.04 on Thursday. The firm has a market cap of C$137.88 million, a PE ratio of 6.03 and a beta of 1.05. Rubellite Energy has a 1-year low of C$1.95 and a 1-year high of C$2.93. The stock has a 50-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.

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.