Yangarra Resources (TSE:YGR) Stock Price Breaks Above Fifty Day Moving Average - Time to Sell?

Key Points

• Yangarra Resources shares rose above their 50-day moving average, reaching C$1.80 before last trading at C$1.72, compared with a 50-day average of C$1.58.
• ATB Cormark upgraded the stock from “sector perform” to “outperform” and raised its price target to C$2.20 from C$1.80. Analysts currently give the company a “Moderate Buy” consensus rating, with an average target of C$1.73.
• The oil and gas producer reported quarterly EPS of C$0.11 on revenue of C$39.21 million, while maintaining a 17.15% net margin and 3.31% return on equity.

Shares of Yangarra Resources Ltd. (TSE:YGR - Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$1.58 and traded as high as C$1.80. Yangarra Resources shares last traded at C$1.72, with a volume of 250,785 shares changing hands.

Wall Street Analyst Weigh In

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

Yangarra Resources Trading Down 2.3%

The company has a debt-to-equity ratio of 20.90, a current ratio of 1.56 and a quick ratio of 0.91. The stock has a 50 day moving average of C$1.58 and a 200 day moving average of C$1.42. The firm has a market cap of C$181.62 million, a P/E ratio of 9.56 and a beta of -0.83.

Yangarra Resources (TSE:YGR - Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$39.21 million during the quarter. Yangarra Resources had a return on equity of 3.31% and a net margin of 17.15%. As a group, equities research analysts predict that Yangarra Resources Ltd. will post 0.49 EPS for the current year.

About Yangarra Resources

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.