FY2024 EPS Estimates for TSE:YGR Lowered by Atb Cap Markets

Yangarra Resources Ltd. (TSE:YGR) – Equities research analysts at Atb Cap Markets cut their FY2024 EPS estimates for shares of Yangarra Resources in a research report issued to clients and investors on Wednesday, October 30th. Atb Cap Markets analyst A. Arif now expects that the oil and gas exploration company will post earnings of $0.30 per share for the year, down from their previous estimate of $0.37. The consensus estimate for Yangarra Resources’ current full-year earnings is $0.49 per share. Atb Cap Markets also issued estimates for Yangarra Resources’ Q4 2024 earnings at $0.08 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $0.43 EPS, FY2026 earnings at $0.40 EPS and FY2027 earnings at $0.34 EPS.

Separately, National Bankshares cut their target price on shares of Yangarra Resources from C$1.50 to C$1.25 in a research note on Friday, September 27th.

Yangarra Resources Trading Up 1.0 %

Shares of YGR stock opened at C$1.03 on Friday. The firm has a 50-day moving average price of C$1.05 and a 200 day moving average price of C$1.09. Yangarra Resources has a twelve month low of C$0.97 and a twelve month high of C$1.77. The company has a market capitalization of C$101.69 million, a price-to-earnings ratio of 2.45 and a beta of 2.19. The company has a current ratio of 2.01, a quick ratio of 0.91 and a debt-to-equity ratio of 21.37.

Yangarra Resources (TSE:YGR) last announced its earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.04). Yangarra Resources had a net margin of 29.17% and a return on equity of 7.90%. The firm had revenue of C$26.26 million during the quarter, compared to analyst estimates of C$33.20 million.

Yangarra Resources Company Profile

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Western Canada. The company focuses on the Cardium in Central Alberta. It also focuses on the Western Canadian Sedimentary basin. The company is headquartered in Calgary, Canada.