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

Yangarra Resources Ltd. (TSE:YGR) reached a new 52-week high on Tuesday . The stock 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.

Wall Street Analyst Weigh In

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

Yangarra Resources Price Performance

The company has a debt-to-equity ratio of 21.51, a current ratio of 1.47 and a quick ratio of 0.91. The firm has a market capitalization of C$160.50 million, a P/E ratio of 11.69 and a beta of -0.49. The company’s 50 day moving average price is C$1.36 and its 200 day moving average price is C$1.17.

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