Equities Analysts Offer Predictions for Yangarra Resources Ltd’s FY2018 Earnings (YGR)

Yangarra Resources Ltd (TSE:YGR) – Investment analysts at National Bank Financial cut their FY2018 EPS estimates for Yangarra Resources in a report issued on Wednesday, November 7th. National Bank Financial analyst J. Hunt now forecasts that the oil and gas exploration company will post earnings per share of $0.39 for the year, down from their prior estimate of $0.40. National Bank Financial currently has a “Outperform” rating and a $8.75 target price on the stock. National Bank Financial also issued estimates for Yangarra Resources’ FY2019 earnings at $0.95 EPS.

Yangarra Resources (TSE:YGR) last issued its earnings results on Wednesday, August 8th. The oil and gas exploration company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.06). The business had revenue of C$29.92 million during the quarter, compared to analyst estimates of C$25.60 million.

A number of other brokerages have also recently issued reports on YGR. CIBC upped their target price on Yangarra Resources from C$7.50 to C$8.25 in a report on Friday, September 14th. TD Securities upped their target price on Yangarra Resources from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Monday, September 17th. Raymond James lowered their target price on Yangarra Resources from C$8.25 to C$7.75 in a report on Friday, October 5th. Finally, Industrial Alliance Securities upped their target price on Yangarra Resources from C$7.75 to C$8.25 in a report on Thursday, August 9th.

Shares of YGR opened at C$3.65 on Friday. Yangarra Resources has a 12-month low of C$3.15 and a 12-month high of C$6.50. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.62 and a quick ratio of 0.53.

In related news, insider Gurdeep Singh Gill purchased 48,300 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The stock was bought at an average price of C$4.25 per share, with a total value of C$205,275.00. Also, Director Gordon Bowerman purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, October 25th. The stock was bought at an average cost of C$3.75 per share, with a total value of C$37,500.00. In the last ninety days, insiders acquired 159,700 shares of company stock valued at $689,359.

Yangarra Resources Company Profile

Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company 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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Earnings History and Estimates for Yangarra Resources (TSE:YGR)

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