Yangarra Resources (TSE:YGR) Hits New 52-Week High – Time to Buy?

Yangarra Resources Ltd. (TSE:YGR) shares hit a new 52-week high during trading on Friday. The company traded as high as C$1.67 and last traded at C$1.65, with a volume of 138578 shares traded. The stock had previously closed at C$1.63.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised Yangarra Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$1.80 to C$2.20 in a report on Wednesday, September 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$1.73.

Yangarra Resources Price Performance

The company has a debt-to-equity ratio of 20.90, a current ratio of 1.56 and a quick ratio of 0.91. The stock has a fifty day simple moving average of C$1.51 and a 200-day simple moving average of C$1.40. The company has a market capitalization of C$174.23 million, a price-to-earnings ratio of 9.17 and a beta of -0.83.

Yangarra Resources (TSE:YGR) last released its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.11 EPS for the quarter. Yangarra Resources had a net margin of 17.15% and a return on equity of 3.31%. The company had revenue of C$39.21 million for the quarter. On average, equities 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.