Yangarra Resources (TSE:YGR) Price Target Raised to C$1.25

Yangarra Resources (TSE:YGR) had its target price increased by stock analysts at National Bank Financial from C$1.00 to C$1.25 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the oil and gas exploration company’s stock. National Bank Financial’s price objective would indicate a potential upside of 10.62% from the stock’s previous close.

Yangarra Resources Trading Down 6.6%

Shares of TSE:YGR traded down C$0.08 during trading on Friday, hitting C$1.13. 135,439 shares of the company’s stock were exchanged, compared to its average volume of 113,707. The company has a current ratio of 2.00, a quick ratio of 0.91 and a debt-to-equity ratio of 20.63. The firm has a market cap of C$114.44 million, a P/E ratio of 6.65 and a beta of 0.19. The firm has a 50-day moving average price of C$1.08 and a two-hundred day moving average price of C$1.05. Yangarra Resources has a 1-year low of C$0.80 and a 1-year high of C$1.23.

Yangarra Resources (TSE:YGR) last released its earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.01 EPS for the quarter. The firm had revenue of C$21.78 million during the quarter. Yangarra Resources had a net margin of 15.55% and a return on equity of 3.16%. Equities analysts predict that Yangarra Resources will post 0.490566 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.