Q3 2018 EPS Estimates for Yangarra Resources Ltd Cut by Cormark (YGR)
Yangarra Resources Ltd (TSE:YGR) – Analysts at Cormark dropped their Q3 2018 earnings per share estimates for shares of Yangarra Resources in a research note issued to investors on Wednesday, September 19th, according to Zacks Investment Research. Cormark analyst A. Arif now anticipates that the oil and gas exploration company will earn $0.14 per share for the quarter, down from their prior estimate of $0.15. Cormark also issued estimates for Yangarra Resources’ Q4 2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.25 EPS and FY2019 earnings at $0.80 EPS.
Yangarra Resources (TSE:YGR) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas exploration company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.06). The business had revenue of C$29.92 million during the quarter, compared to analyst estimates of C$25.60 million. Yangarra Resources had a net margin of 24.36% and a return on equity of 7.98%.
TSE:YGR traded up C$0.02 during trading hours on Friday, hitting C$4.33. The company’s stock had a trading volume of 148,800 shares, compared to its average volume of 259,668. Yangarra Resources has a twelve month low of C$3.46 and a twelve month high of C$6.50.
In other news, Director Neil M. Mackenzie purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were purchased at an average cost of C$4.17 per share, with a total value of C$41,700.00. Also, Director Gordon Bowerman purchased 25,000 shares of the business’s stock in a transaction dated Friday, July 20th. The shares were purchased at an average cost of C$5.41 per share, for a total transaction of C$135,250.00. Insiders have bought 193,500 shares of company stock worth $924,052 over the last three months.
Yangarra Resources Company Profile
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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