Atb Cap Markets Weighs in on Yangarra Resources Ltd.’s Q1 2024 Earnings (TSE:YGR)

Yangarra Resources Ltd. (TSE:YGR) – Atb Cap Markets dropped their Q1 2024 earnings per share 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 post earnings of $0.09 per share for the quarter, down from their previous estimate 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.

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

YGR has been the topic of several other research reports. Raymond James cut their price objective on 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. ATB Capital lowered their target price on Yangarra Resources from C$2.00 to C$1.60 and set a “buy” rating on the stock in a research note on Friday, March 8th. Finally, National Bankshares lowered their target price on Yangarra Resources from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a research note on Friday, March 8th.

Yangarra Resources Price Performance

YGR stock opened at C$1.16 on Tuesday. The stock’s fifty day simple moving average is C$1.15 and its two-hundred day simple moving average is C$1.31. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 23.00. Yangarra Resources has a 1-year low of C$1.06 and a 1-year high of C$1.98. The stock has a market cap of C$110.51 million, a P/E ratio of 2.47 and a beta of 2.39.

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.