Brokers Offer Predictions for Yangarra Resources Ltd.’s FY2017 Earnings (YGR)
Yangarra Resources Ltd. (TSE:YGR) – Equities researchers at Clarus Securities increased their FY2017 earnings estimates for shares of Yangarra Resources in a research report issued on Tuesday. Clarus Securities analyst R. Pare now forecasts that the oil and gas exploration company will post earnings of $0.16 per share for the year, up from their previous estimate of $0.14. Clarus Securities also issued estimates for Yangarra Resources’ FY2018 earnings at $0.25 EPS.
Several other research firms have also weighed in on YGR. Pi Financial increased their price target on Yangarra Resources from C$3.75 to C$4.50 in a report on Tuesday. Raymond James Financial, Inc. increased their price target on Yangarra Resources from C$3.50 to C$4.00 and gave the company an “outperform” rating in a report on Friday, May 12th. Finally, Canaccord Genuity assumed coverage on Yangarra Resources in a report on Monday, April 17th. They set a “speculative buy” rating and a C$4.00 price target on the stock.
Shares of Yangarra Resources (TSE YGR) traded down 0.91% on Thursday, hitting $3.27. 4,800 shares of the stock traded hands. The firm has a 50 day moving average price of $2.94 and a 200 day moving average price of $2.47. The firm has a market cap of $262.30 million and a PE ratio of 77.86. Yangarra Resources has a 52-week low of $0.85 and a 52-week high of $3.53.
In related news, insider Lorne David Simpson sold 102,000 shares of the stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of C$2.75, for a total transaction of C$280,500.00. Also, insider Randall Faminow sold 16,667 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of C$2.82, for a total value of C$47,000.94.
Yangarra Resources Company Profile
Yangarra Resources Ltd. is an exploration focused oil and natural gas company. The Company is engaged in production, exploration and development of resource properties in the Central Alberta, Medicine Hat and Jaslan areas of Alberta. It produces oil and gas assets of approximately 2,390 barrel of oil equivalent per day (boe/d) of oil, natural gas and natural gas liquids (NGLs).
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