Rubellite Energy Inc. (TSX:RBY) shareholders have experienced a significant loss of 37% over the last year, with a 12% decline in the past week. The company’s poor earnings performance may be the reason for this decline. Despite a 21% increase in share price in the last quarter, Rubellite Energy’s stock continues to underperform compared to other index funds. The company reported a 54% decline in earnings per share (EPS) over the last year, which is significantly worse than the 37% fall in the share price. However, the situation not being more difficult may have relieved some investors. Although the recent rebound in the stock price is a positive sign, it is still unclear whether it is sustainable or not. Market-wide selling may have contributed to Rubellite Energy’s poor performance, which is also down 8.9% in the market loss. Investors are advised to consider other information, in addition to the company’s share price, to gain insight into its overall business performance. As such, investors should be cautious and take note of the 5 warning signs spotted with Rubellite Energy.Rubellite Energy’s poor earnings performance is likely the cause of the decline in share price, with investors advised to look at other factors before making investment decisions.
Rubellite Energy Inc Stock Analysis
Three top analysts expect that the Rubellite Energy Inc. stock will reach an average target price of CAD 3.60 within the next year. The company has received a Strong Buy rating from these analysts. However, Stock Target Advisor’s analysis of Rubellite Energy Inc’s stock is Bearish, with four positive signals and 11 negative signals. The current stock price of Rubellite Energy Inc. stands at CAD 2.23, having decreased by -12.55% over the past week, -8.98% over the past month, and -36.65% over the last year.
Company Overview
Rubellite Energy Inc. is a Canadian company that operates in the exploration, development, production, and sale of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company, established in 2021, has its headquarters in Calgary, Canada. Rubellite Energy Inc. operates as a subsidiary of Perpetual Energy Inc.
