Atb Cap Markets Equities Analysts Decrease Earnings Estimates for Yangarra Resources Ltd. (TSE:YGR)

Yangarra Resources Ltd. (TSE:YGR) – Stock analysts at Atb Cap Markets decreased their FY2028 EPS estimates for Yangarra Resources in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the oil and gas exploration company will earn $0.33 per share for the year, down from their previous forecast of $0.34. Atb Cap Markets has a “Outperform” rating on the stock. The consensus estimate for Yangarra Resources’ current full-year earnings is $0.45 per share.

Yangarra Resources (TSE:YGR) last posted its quarterly earnings results on Thursday, March 7th. The oil and gas exploration company reported C$0.12 earnings per share (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%.

A number of other brokerages have also recently issued reports on YGR. ATB Capital dropped their target price on shares of Yangarra Resources from C$2.00 to C$1.60 and set a “buy” rating for the company in a report on Friday, March 8th. 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 for the company in a report on Friday, March 8th. Finally, Raymond James dropped their target price on shares of Yangarra Resources from C$3.00 to C$2.00 and set an “outperform” rating for the company in a report on Friday, January 19th.

Yangarra Resources Trading Up 3.4 %

TSE YGR opened at C$1.20 on Wednesday. The stock has a market capitalization of C$114.32 million, a P/E ratio of 2.55 and a beta of 2.39. Yangarra Resources has a 52-week low of C$1.06 and a 52-week high of C$1.98. The firm has a 50-day moving average price of C$1.15 and a 200 day moving average price of C$1.31. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 23.00.

About Yangarra Resources

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.