ROK Resources Inc. (CVE:ROK) Forecasted to Post Q3 2024 Earnings of $0.03 Per Share

ROK Resources Inc. (CVE:ROK) – Research analysts at Ventum Cap Mkts upped their Q3 2024 earnings per share (EPS) estimates for shares of ROK Resources in a report released on Monday, September 23rd. Ventum Cap Mkts analyst A. Gill now expects that the company will post earnings of $0.03 per share for the quarter, up from their previous estimate of $0.01. Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for ROK Resources’ current full-year earnings is $0.04 per share. Ventum Cap Mkts also issued estimates for ROK Resources’ Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.00 EPS, Q2 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.01) EPS.

A number of other equities analysts also recently issued reports on ROK. Cormark cut their price target on shares of ROK Resources from C$0.75 to C$0.50 in a report on Thursday, June 20th. Ventum Financial lowered their target price on shares of ROK Resources from C$0.55 to C$0.45 in a research report on Thursday, August 22nd.

ROK Resources Price Performance

ROK Resources stock opened at C$0.20 on Thursday. ROK Resources has a 1-year low of C$0.17 and a 1-year high of C$0.45. The stock’s 50 day moving average price is C$0.21 and its 200 day moving average price is C$0.25. The company has a market cap of C$42.59 million, a PE ratio of -2.44 and a beta of 0.45.

About ROK Resources

ROK Resources Inc operates as independent oil and gas company in Canada. The company primarily engages in production, exploration, and development of oil and natural gas in Southeast Saskatchewan. ROK Resources Inc is headquartered in Regina, Canada.