Yangarra Resources (TSE:YGR) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Yangarra Resources Ltd. (TSE:YGR) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Wall Street Analysts Forecast Growth

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

Yangarra Resources Price Performance

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

Yangarra Resources (TSE:YGR) last released its quarterly earnings data on Thursday, April 30th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$28.53 million during the quarter. Yangarra Resources had a return on equity of 2.46% and a net margin of 13.70%. Sell-side analysts anticipate 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.