Ventum Cap Mkts Raises Earnings Estimates for ROK Resources

ROK Resources Inc. (CVE:ROK) – Equities research analysts at Ventum Cap Mkts boosted their FY2024 earnings per share (EPS) estimates for ROK Resources in a report released on Wednesday, November 20th. Ventum Cap Mkts analyst A. Gill now expects that the company will post earnings per share of $0.01 for the year, up from their previous forecast 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 ($0.02) EPS.

Separately, Ventum Financial dropped their price target on shares of ROK Resources from C$0.55 to C$0.45 in a research note on Thursday, August 22nd.

ROK Resources Stock Performance

ROK Resources stock opened at C$0.18 on Monday. The company has a market cap of C$39.32 million, a PE ratio of -2.25 and a beta of 0.44. ROK Resources has a 1 year low of C$0.15 and a 1 year high of C$0.35. The company’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.22.

Insider Transactions at ROK Resources

In other news, Senior Officer Jared Lukomski sold 410,500 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$0.18, for a total value of C$73,890.00. 10.28% of the stock is owned by corporate insiders.

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.