Yangarra Resources Ltd (TSE:YGR) – Analysts at Cormark dropped their FY2018 earnings per share (EPS) estimates for Yangarra Resources in a report issued on Wednesday, January 30th. Cormark analyst A. Arif now expects that the oil and gas exploration company will post earnings per share of $0.29 for the year, down from their previous forecast of $0.38. Cormark also issued estimates for Yangarra Resources’ Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.10 EPS and FY2020 earnings at $0.46 EPS.
Yangarra Resources (TSE:YGR) last posted its quarterly earnings data on Wednesday, November 7th. The oil and gas exploration company reported C$0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.14 by C$0.01. The company had revenue of C$45.13 million during the quarter, compared to the consensus estimate of C$39.40 million.
TSE:YGR opened at C$2.98 on Thursday. Yangarra Resources has a fifty-two week low of C$2.17 and a fifty-two week high of C$6.50. The company has a debt-to-equity ratio of 49.85, a current ratio of 0.62 and a quick ratio of 0.54.
In other news, Director James Grant Evaskevich bought 10,000 shares of the stock in a transaction on Thursday, November 15th. The stock was acquired at an average cost of C$3.35 per share, for a total transaction of C$33,500.00. Also, Director Frederick Lee Morton bought 11,000 shares of the stock in a transaction on Friday, December 7th. The stock was purchased at an average price of C$2.88 per share, with a total value of C$31,680.00. In the last three months, insiders have bought 157,630 shares of company stock worth $459,140.
About Yangarra Resources
Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company has oil and gas interests in various sections of land located in Central Alberta and Medicine Hat. Yangarra Resources Ltd. is headquartered in Calgary, Canada.
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