Yangarra Resources (TSE:YGR) Sets New 1-Year High – What’s Next?

Yangarra Resources Ltd. (TSE:YGR) reached a new 52-week high on Thursday. The stock traded as high as C$1.77 and last traded at C$1.71, with a volume of 77,643 shares traded. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets raised Yangarra Resources from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$1.80 to C$2.20 in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$1.73.

Yangarra Resources Stock Up 2.3%

The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 20.90. The firm has a market capitalization of C$185.85 million, a P/E ratio of 9.78 and a beta of -0.83. The company’s fifty day simple moving average is C$1.55 and its 200 day simple moving average is C$1.42.

Yangarra Resources (TSE:YGR) last posted its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.11 EPS for the quarter. The firm had revenue of C$39.21 million during the quarter. Yangarra Resources had a net margin of 17.15% and a return on equity of 3.31%. Research analysts expect that Yangarra Resources Ltd. will post 0.49 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.