Yangarra Resources (TSE:YGR) Hits New 12-Month High – What’s Next?

Yangarra Resources Ltd. (TSE:YGR) reached a new 52-week high on Friday . The stock traded as high as C$1.39 and last traded at C$1.38, with a volume of 485551 shares trading hands. The stock had previously closed at C$1.30.

Analysts Set New Price Targets

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

Yangarra Resources Price Performance

The stock has a market cap of C$145.61 million, a price-to-earnings ratio of 9.86 and a beta of 0.19. 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 stock’s 50 day simple moving average is C$1.14 and its two-hundred day simple moving average is C$1.07.

Yangarra Resources (TSE:YGR) last released its quarterly earnings data on Thursday, March 5th. The oil and gas exploration company reported C$0.01 EPS for the quarter. The company had revenue of C$21.78 million during the quarter. Yangarra Resources had a net margin of 13.38% and a return on equity of 2.57%. On average, analysts forecast that Yangarra Resources Ltd. will post 0.490566 earnings per share for the current fiscal year.

Yangarra Resources Company Profile

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.