Yangarra Resources (TSE:YGR) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of Yangarra Resources Ltd. (TSE:YGR) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.40 and traded as high as C$1.42. Yangarra Resources shares last traded at C$1.38, with a volume of 267,947 shares.

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 stock a “sector perform” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$1.25.

Yangarra Resources Trading Down 0.7%

The company has a 50 day moving average of C$1.40 and a 200 day moving average of C$1.21. The company has a debt-to-equity ratio of 21.51, a quick ratio of 0.91 and a current ratio of 1.47. The stock has a market capitalization of C$145.72 million, a price-to-earnings ratio of 10.62 and a beta of -0.80.

Yangarra Resources (TSE:YGR) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas exploration company reported C$0.04 EPS for the quarter. Yangarra Resources had a return on equity of 2.46% and a net margin of 13.70%.The firm had revenue of C$28.53 million during the quarter. On average, research analysts predict that Yangarra Resources Ltd. will post 0.490566 EPS 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.