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Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)Partial rebound to close a choppy weekThis week’s new 52-week lows… (Dec 12-18)This summary was created by AI, based on 1 opinions in the last 12 months.
The experts provided mixed reviews on Yangarra Resources. While the company demonstrated improvements in FFO and operational efficiency, it fell short of revenue and EPS estimates. The tough quarter was attributed to a challenging oil market backdrop. Yangarra Resources maintains a low net debt balance and positive free cash flow, but experts anticipate downside pressure in the near term due to the negative momentum. Overall, the company's performance reflects the volatility of the oil industry.
A past top pick. It's come off just like the energy sector. It's one of the few companies that's grown production per share. Continue to hit their targets. Cheap multiple. He expects the next few quarters to be strong. He may add to his position.
He likes their growth prospects in the Alberta Cardium area and sees them as having the highest netback per share of any energy company. Their production will jump up sharply in the next two months and they should exit the year at 12,500 boed. They are at 8000 boed today. He likes how management does not issue equity and that growth is through the drill bit. Debt is manageable. Yield 0%. (Analysts’ price target is $7.69)
It is probably the top performing energy stock over a two year period. We are now starting to see quite an upturn in the commodity prices. He would continue to hold it if he did.
(A Top Pick May 25/17 Up 48%). This is his second largest holding. They continue to grow their production per share. They have amassed some great highly productive wells. Their cash flow should continue to grow, perhaps over $1 per share. They have the second highest netbacks in the industry.
A home run as one of the few energy stocks up over the past few years. Phenomenal management. His only concern is that he doesn't have a feel for their inventory depth and would love to drill down more about it. Also, YGR could be more freely traded. Otherwise, let it run. Looks atractive.
It has been a stellar performer. It was the top performer in ’16 and ’17. He has always felt it was running ahead of itself. He is watching it this year.
Yangarra Resources is a Canadian stock, trading under the symbol YGR-T on the Toronto Stock Exchange (YGR-CT). It is usually referred to as TSX:YGR or YGR-T
In the last year, 1 stock analyst published opinions about YGR-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Yangarra Resources.
Yangarra Resources was recommended as a Top Pick by on . Read the latest stock experts ratings for Yangarra Resources.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Yangarra Resources In the last year. It is a trending stock that is worth watching.
On 2024-10-03, Yangarra Resources (YGR-T) stock closed at a price of $1.05.
EPS of $0.11 missed estimates of $0.13 and revenues of $42.41M missed estimates of $44M. Its FFO increased by 29% against the previous quarter, and its operational efficiency improved by 3% in average production. It demonstrated drilling cost reductions in the quarter, however, against the prior year, its FFO declined by 36%, and sales decreased by 28%. This was a tough quarter for the company, although it continues to carry a low net debt balance and generates positive free cash flow, but given the challenging oil market backdrop, we feel YGR may see some downside pressure in the near term. It trades at a cheap valuation, but we do not like its recent negative momentum.
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