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

Shares of Yangarra Resources Ltd. (TSE:YGR) reached a new 52-week high during trading on Thursday. The stock traded as high as C$1.77 and last traded at C$1.71, with a volume of 77,643 shares. 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 upped their price objective for the company from C$1.80 to C$2.20 in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Yangarra Resources has a consensus rating of “Moderate Buy” and an average target price of C$1.73.

Yangarra Resources Trading Up 1.8%

The firm’s 50-day simple moving average is C$1.54 and its 200-day simple moving average is C$1.41. The firm has a market capitalization of C$181.62 million, a PE ratio of 9.56 and a beta of -0.83. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 20.90.

Yangarra Resources (TSE:YGR) last released its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.11 EPS for the quarter. The firm had revenue of C$39.21 million for the quarter. Yangarra Resources had a return on equity of 3.31% and a net margin of 17.15%. Equities analysts expect that Yangarra Resources Ltd. will post 0.49 earnings per share for the current 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.