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

Yangarra Resources Ltd. (TSE:YGR) – Equities research analysts at Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for shares of Yangarra Resources in a report issued on Wednesday, October 30th. Atb Cap Markets analyst A. Arif now forecasts that the oil and gas exploration company will earn $0.30 per share for the year, down from their prior forecast 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.

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

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

Yangarra Resources Stock Up 1.0 %

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

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.