Yangarra Resources (TSE:YGR) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Yangarra Resources (TSE:YGR) from a sector perform rating to an outperform rating in a research note published on Wednesday morning,BayStreet reports. ATB Cormark Capital Markets currently has C$2.20 target price on the oil and gas exploration company’s stock, up from their prior target price of C$1.80.

Yangarra Resources Trading Up 1.4%

TSE YGR opened at C$1.48 on Wednesday. The firm has a market cap of C$156.28 million, a PE ratio of 8.22 and a beta of -0.83. Yangarra Resources has a 1-year low of C$0.90 and a 1-year high of C$1.67. The stock has a 50-day moving average of C$1.49 and a 200-day moving average of C$1.39. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 20.90.

Yangarra Resources (TSE:YGR) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$39.21 million for the quarter. Yangarra Resources had a return on equity of 3.31% and a net margin of 17.15%. As a group, sell-side analysts forecast that Yangarra Resources will post 0.490566 EPS for the current year.

Yangarra Resources Company Profile

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.