Yangarra Resources (TSE:YGR) Stock Breaks Below 50 Day Moving Average – Should You Sell?

Yangarra Resources Ltd. (TSE:YGR) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$1.60 and traded as low as C$1.58. Yangarra Resources shares last traded at C$1.58, with a volume of 153,462 shares.

Analysts Set New Price Targets

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

Yangarra Resources Price Performance

The stock has a fifty day moving average price of C$1.60 and a 200-day moving average price of C$1.37. The company has a market cap of C$166.84 million, a PE ratio of 6.87 and a beta of -0.87. The company has a debt-to-equity ratio of 20.89, a current ratio of 1.52 and a quick ratio of 0.91.

Yangarra Resources (TSE:YGR) last issued its earnings results on Thursday, October 29th. The oil and gas exploration company reported C$0.07 EPS for the quarter. Yangarra Resources had a return on equity of 4.26% and a net margin of 19.92%. The business had revenue of C$35.67 million during the quarter. On average, 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.