Yangarra Resources Ltd (TSE:YGR) – Equities researchers at Cormark raised their Q1 2018 EPS estimates for Yangarra Resources in a research note issued on Friday. Cormark analyst A. Arif now forecasts that the oil and gas exploration company will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.10. Cormark also issued estimates for Yangarra Resources’ Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.82 EPS.
Separately, Raymond James Financial upped their price target on shares of Yangarra Resources from C$5.50 to C$6.25 and gave the company an “outperform” rating in a research note on Wednesday, January 17th.
In other Yangarra Resources news, Director James Grant Evaskevich purchased 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were bought at an average cost of C$5.05 per share, for a total transaction of C$555,500.00.
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Yangarra Resources Company Profile
Yangarra Resources Ltd., a junior oil and gas company, explores, develops, and produces resource properties in Western Canada. It has oil and gas interests in various sections of land located in Central Alberta and Medicine Hat. Yangarra Resources Ltd. is headquartered in Calgary, Canada.
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