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

Yangarra Resources Ltd. (TSE:YGR)’s share price hit a new 52-week high during trading on Friday. The company traded as high as C$1.67 and last traded at C$1.65, with a volume of 138578 shares. The stock had previously closed at C$1.63.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets upgraded shares of Yangarra Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$1.80 to C$2.20 in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$1.73.

Yangarra Resources Stock Up 1.2%

The company has a 50-day moving average of C$1.51 and a 200-day moving average of C$1.40. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 20.90. The company has a market capitalization of C$174.23 million, a price-to-earnings ratio of 9.17 and a beta of -0.83.

Yangarra Resources (TSE:YGR) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.11 earnings per share for the quarter. The business 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%. On average, equities analysts predict 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.