Analysts Offer Predictions for Yangarra Resources Ltd.’s FY2017 Earnings (YGR)
Yangarra Resources Ltd. (TSE:YGR) – Investment analysts at Clarus Securities boosted their FY2017 earnings per share estimates for shares of Yangarra Resources in a note issued to investors on Friday. Clarus Securities analyst R. Pare now forecasts that the oil and gas exploration company will earn $0.21 per share for the year, up from their previous forecast of $0.16.
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Several other brokerages have also weighed in on YGR. Pi Financial increased their price objective on shares of Yangarra Resources from C$3.75 to C$4.50 in a report on Tuesday, June 13th. Raymond James Financial, Inc. increased their price objective on shares of 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 shares of Yangarra Resources in a report on Monday, April 17th. They issued a “speculative buy” rating and a C$4.00 price objective on the stock.
Yangarra Resources (YGR) opened at 3.41 on Monday. The firm has a market cap of $273.53 million and a price-to-earnings ratio of 81.19. The firm has a 50-day moving average of $3.28 and a 200 day moving average of $2.83. Yangarra Resources has a 52-week low of $1.01 and a 52-week high of $3.54.
In other news, Director Frederick Lee Morton bought 25,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were bought at an average cost of C$3.45 per share, for a total transaction of C$86,250.00. Also, Director Gordon Bowerman bought 20,000 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was purchased at an average price of C$3.46 per share, for a total transaction of C$69,200.00. Over the last quarter, insiders acquired 63,333 shares of company stock worth $208,949.
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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