Yangarra Resources (TSE:YGR) Releases Earnings Results

Yangarra Resources (TSE:YGR) announced its quarterly earnings data on Thursday. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter, FiscalAI reports. Yangarra Resources had a net margin of 13.38% and a return on equity of 2.57%. The business had revenue of C$28.53 million for the quarter.

Yangarra Resources Price Performance

YGR opened at C$1.44 on Friday. Yangarra Resources has a fifty-two week low of C$0.80 and a fifty-two week high of C$1.54. The company’s 50-day moving average is C$1.29 and its 200 day moving average is C$1.14. The company has a debt-to-equity ratio of 22.14, a current ratio of 1.94 and a quick ratio of 0.91. The firm has a market capitalization of C$152.06 million, a P/E ratio of 10.29 and a beta of -0.65.

Analyst Upgrades and Downgrades

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

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.