Yangarra Resources Ltd. (TSE:YGR) – Equities research analysts at Cormark reduced their FY2018 earnings estimates for shares of Yangarra Resources in a report released on Friday. Cormark analyst A. Arif now forecasts that the oil and gas exploration company will post earnings of $0.45 per share for the year, down from their previous forecast of $0.48. Cormark also issued estimates for Yangarra Resources’ Q4 2018 earnings at $0.13 EPS and FY2019 earnings at $0.62 EPS.

YGR has been the topic of several other research reports. Pi Financial lifted their price objective on shares of Yangarra Resources from C$3.75 to C$4.50 in a research report on Tuesday, June 13th. Canaccord Genuity initiated coverage on shares of Yangarra Resources in a research report on Monday, April 17th. They issued a “speculative buy” rating and a C$4.00 price target on the stock. Finally, Raymond James Financial, Inc. lifted their price objective on shares of Yangarra Resources from C$3.50 to C$4.00 and gave the stock an “outperform” rating in a research note on Friday, May 12th.

ILLEGAL ACTIVITY WARNING: “FY2018 EPS Estimates for Yangarra Resources Ltd. (YGR) Reduced by Analyst” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/08/07/fy2018-eps-estimates-for-yangarra-resources-ltd-ygr-reduced-by-analyst.html.

Shares of Yangarra Resources (TSE YGR) opened at 3.41 on Monday. The company has a market cap of $273.53 million and a price-to-earnings ratio of 81.19. The company’s 50-day moving average is $3.28 and its 200-day moving average is $2.83. Yangarra Resources has a 12-month low of $1.01 and a 12-month high of $3.54.

In related news, Director Gordon Bowerman acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were purchased at an average price of C$3.46 per share, for a total transaction of C$69,200.00. Also, insider Randall Faminow sold 16,667 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of C$2.82, for a total transaction of C$47,000.94. Insiders acquired 63,333 shares of company stock valued at $208,949 over the last quarter.

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).

Earnings History and Estimates for Yangarra Resources (TSE:YGR)

Receive News & Ratings for Yangarra Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yangarra Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.