Yangarra Resources Ltd to Post Q3 2018 Earnings of $0.13 Per Share, Cormark Forecasts (YGR)

Yangarra Resources Ltd (TSE:YGR) – Analysts at Cormark raised their Q3 2018 EPS estimates for shares of Yangarra Resources in a research report issued to clients and investors on Wednesday. Cormark analyst A. Arif now forecasts that the oil and gas exploration company will post earnings of $0.13 per share for the quarter, up from their prior estimate of $0.11. Cormark also issued estimates for Yangarra Resources’ Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.49 EPS and FY2019 earnings at $0.78 EPS.

Separately, Raymond James Financial upgraded shares of Yangarra Resources from an “outperform” rating to a “strong-buy” rating and set a C$6.00 price target on the stock in a research report on Wednesday.

Shares of Yangarra Resources (TSE YGR) traded up C$0.02 during trading on Thursday, reaching C$5.02. 48,945 shares of the company were exchanged, compared to its average volume of 247,228. The company has a market capitalization of $350.74, a P/E ratio of 29.41 and a beta of 1.08. Yangarra Resources has a 12 month low of C$2.28 and a 12 month high of C$5.72.

In other Yangarra Resources news, Director James Grant Evaskevich purchased 110,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were acquired at an average cost of C$5.05 per share, for a total transaction of C$555,500.00.

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Yangarra Resources Company Profile

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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