Brokers Set Expectations for Yangarra Resources Ltd.’s Q1 2024 Earnings (TSE:YGR)

Yangarra Resources Ltd. (TSE:YGR) – Atb Cap Markets cut their Q1 2024 EPS estimates for Yangarra Resources in a research note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects 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 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.

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

Yangarra Resources Price Performance

Yangarra Resources stock opened at C$1.16 on Tuesday. The company has a 50-day simple moving average of C$1.15 and a 200-day simple moving average of C$1.31. The firm has a market capitalization of C$110.51 million, a P/E ratio of 2.47 and a beta of 2.39. The company has a debt-to-equity ratio of 23.00, a quick ratio of 0.91 and a current ratio of 0.98. Yangarra Resources has a one year low of C$1.06 and a one year high of C$1.98.

Yangarra Resources (TSE:YGR) last released its quarterly earnings results 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 business 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%.

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.