Yangarra Resources (TSE:YGR) Hits New 12-Month High – Here’s Why

Yangarra Resources Ltd. (TSE:YGR) shares reached a new 52-week high on Tuesday . The company traded as high as C$1.54 and last traded at C$1.52, with a volume of 437470 shares. The stock had previously closed at C$1.47.

Analyst Upgrades and Downgrades

Separately, National Bank Financial increased their price objective on shares of Yangarra Resources from C$1.00 to C$1.25 and gave the company a “sector perform” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$1.25.

Yangarra Resources Trading Up 3.4%

The company has a 50 day moving average of C$1.36 and a 200 day moving average of C$1.17. The company has a current ratio of 1.47, a quick ratio of 0.91 and a debt-to-equity ratio of 21.51. The firm has a market cap of C$160.50 million, a price-to-earnings ratio of 11.69 and a beta of -0.49.

Yangarra Resources (TSE:YGR) last released its quarterly earnings data on Thursday, April 30th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter. Yangarra Resources had a return on equity of 2.46% and a net margin of 13.70%.The firm had revenue of C$28.53 million during the quarter. As a group, research analysts anticipate that Yangarra Resources Ltd. will post 0.490566 EPS for the current year.

About Yangarra Resources

Yangarra Resources Ltd is a junior oil and gas company which is engaged in the exploration, development, and production of natural gas and oil with operations in Western Canada. The company has its operations in Central Alberta. It generates its revenue from the sale of crude oil and natural gas products.