Yangarra Resources Ltd to Post FY2017 Earnings of $0.20 Per Share, Clarus Securities Forecasts (YGR)

Yangarra Resources Ltd (TSE:YGR) – Equities research analysts at Clarus Securities decreased their FY2017 earnings per share (EPS) estimates for shares of Yangarra Resources in a note issued to investors on Wednesday. Clarus Securities analyst R. Pare now anticipates that the oil and gas exploration company will post earnings per share of $0.20 for the year, down from their previous forecast of $0.22.

Yangarra Resources (TSE:YGR) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported C$0.05 EPS for the quarter, hitting analysts’ consensus estimates of C$0.05. Yangarra Resources had a net margin of 24.36% and a return on equity of 7.98%.

Separately, Raymond James Financial lifted their price target on shares of Yangarra Resources from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Friday, November 3rd.

Shares of Yangarra Resources (YGR) opened at C$4.97 on Monday. The company has a market cap of $404.10, a P/E ratio of 29.24 and a beta of 0.99. Yangarra Resources has a 1-year low of C$2.12 and a 1-year high of C$5.72.

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About Yangarra Resources

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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