Yangarra Resources Ltd (TSE:YGR) – Research analysts at Cormark lifted their Q3 2018 earnings estimates for Yangarra Resources in a note issued to investors on Wednesday. Cormark analyst A. Arif now expects that the oil and gas exploration company will post earnings per share of $0.13 for the quarter, up from their previous estimate of $0.11. Cormark also issued estimates for Yangarra Resources’ Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.49 EPS and FY2019 earnings at $0.78 EPS.

Separately, Raymond James Financial upgraded shares of Yangarra Resources from an “outperform” rating to a “strong-buy” rating and set a C$6.00 target price on the stock in a research report on Wednesday.

Shares of Yangarra Resources (TSE:YGR) traded up C$0.02 during mid-day trading on Thursday, reaching C$5.02. 48,945 shares of the company’s stock traded hands, compared to its average volume of 247,228. The stock has a market capitalization of $350.74, a price-to-earnings ratio of 29.41 and a beta of 1.08. Yangarra Resources has a one year low of C$2.28 and a one year high of C$5.72.

In other news, Director James Grant Evaskevich acquired 110,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were purchased at an average cost of C$5.05 per share, for a total transaction of C$555,500.00.

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Yangarra Resources Company Profile

Yangarra Resources Ltd., a junior oil and gas company, explores, develops, and produces resource properties in Western Canada. It 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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