Yangarra Resources Ltd. to Post Q1 2024 Earnings of $0.09 Per Share, Atb Cap Markets Forecasts (TSE:YGR)

Yangarra Resources Ltd. (TSE:YGR) – Analysts at Atb Cap Markets decreased their Q1 2024 earnings estimates for shares of Yangarra Resources in a research note issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the oil and gas exploration company will post earnings of $0.09 per share for the quarter, down from their previous forecast of $0.10. Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for Yangarra Resources’ current full-year earnings is $0.45 per share. Atb Cap Markets also issued estimates for Yangarra Resources’ Q3 2024 earnings at $0.11 EPS, FY2024 earnings at $0.43 EPS, FY2025 earnings at $0.39 EPS and FY2026 earnings at $0.32 EPS.

Yangarra Resources (TSE:YGR) last posted its quarterly earnings data on Thursday, March 7th. The oil and gas exploration company reported C$0.12 EPS for the quarter, hitting the consensus estimate of C$0.12. The firm had revenue of C$33.65 million during the quarter. Yangarra Resources had a net margin of 30.65% and a return on equity of 9.24%.

Several other research analysts have also commented on YGR. ATB Capital reduced their price objective on shares of Yangarra Resources from C$2.00 to C$1.60 and set a “buy” rating for the company in a research note on Friday, March 8th. Raymond James dropped their target price on shares of Yangarra Resources from C$3.00 to C$2.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, National Bankshares dropped their target price on shares of Yangarra Resources from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a research report on Friday, March 8th.

Yangarra Resources Trading Down 1.7 %

TSE YGR opened at C$1.16 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 23.00. The firm has a market cap of C$110.51 million, a PE ratio of 2.47 and a beta of 2.39. The company has a 50 day moving average price of C$1.15 and a 200 day moving average price of C$1.31. Yangarra Resources has a 52 week low of C$1.06 and a 52 week high of C$1.98.

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.