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

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

Analyst Upgrades and Downgrades

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

Yangarra Resources Trading Up 1.8%

The stock has a 50 day moving average of C$1.54 and a 200 day moving average of C$1.41. 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 firm has a market cap of C$181.62 million, a P/E ratio of 9.56 and a beta of -0.83.

Yangarra Resources (TSE:YGR) last issued 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. Yangarra Resources had a return on equity of 3.31% and a net margin of 17.15%. The firm had revenue of C$39.21 million during the quarter. As a group, equities research analysts predict 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.