Yangarra Resources (TSE:YGR) Posts Quarterly Earnings Results

Yangarra Resources (TSE:YGR) issued its earnings results on Thursday. The oil and gas exploration company reported C$0.07 EPS for the quarter, FiscalAI reports. Yangarra Resources had a net margin of 17.15% and a return on equity of 3.31%. The company had revenue of C$35.67 million during the quarter.

Yangarra Resources Stock Down 0.6%

Yangarra Resources stock opened at C$1.72 on Friday. Yangarra Resources has a 52-week low of C$0.90 and a 52-week high of C$1.85. The company has a debt-to-equity ratio of 20.90, a quick ratio of 0.91 and a current ratio of 1.56. The firm has a 50 day moving average price of C$1.60 and a two-hundred day moving average price of C$1.36. The firm has a market cap of C$181.62 million, a price-to-earnings ratio of 9.56 and a beta of -0.83.

Analyst Ratings Changes

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

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.