ROK Resources (CVE:ROK) Price Target Cut to C$0.50

ROK Resources (CVE:ROK) had its target price dropped by analysts at Cormark from C$0.75 to C$0.50 in a report issued on Thursday, BayStreet.CA reports. Cormark’s price target would indicate a potential upside of 104.08% from the stock’s previous close.

ROK Resources Trading Down 2.0 %

Shares of ROK Resources stock opened at C$0.25 on Thursday. The stock has a market capitalization of C$53.51 million, a price-to-earnings ratio of -3.06 and a beta of 0.50. ROK Resources has a 1-year low of C$0.23 and a 1-year high of C$0.45. The firm’s 50-day moving average price is C$0.28 and its two-hundred day moving average price is C$0.29.

ROK Resources (CVE:ROK) last issued its quarterly earnings data on Tuesday, May 21st. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). The firm had revenue of C$20.93 million for the quarter. ROK Resources had a negative return on equity of 16.85% and a negative net margin of 24.06%. As a group, equities research analysts predict that ROK Resources will post 0.034375 EPS for the current year.

ROK Resources Company Profile

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.