Yangarra Resources (TSE:YGR) Hits New 12-Month High - What's Next?

Key Points

• Shares hit a new 52-week high: Yangarra traded as high as C$1.39 on Friday (last C$1.38) with ~485,551 shares changing hands, up from a prior close of C$1.30.
• Analyst stance and target: National Bank Financial raised its price objective to C$1.25 (from C$1.00) and rated the stock "sector perform"; the MarketBeat consensus is a "Hold" with a C$1.25 target.
• Recent financials and valuation: Market cap is C$145.6M, P/E about 9.9, last quarter EPS was C$0.01 on C$21.78M revenue with a net margin of 13.4%, current ratio 1.94 and debt-to-equity 22.14.

Yangarra Resources Ltd. (TSE:YGR - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$1.39 and last traded at C$1.38, with a volume of 485551 shares. The stock had previously closed at C$1.30.

Wall Street Analyst Weigh In

Separately, National Bank Financial lifted their price objective on shares of Yangarra Resources from C$1.00 to C$1.25 and gave the company a "sector perform" rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Yangarra Resources presently has a consensus rating of "Hold" and a consensus target price of C$1.25.

Yangarra Resources Stock Performance

The stock's 50-day moving average price is C$1.14 and its 200 day moving average price is C$1.07. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 22.14. The company has a market cap of C$145.61 million, a P/E ratio of 9.86 and a beta of 0.19.

Yangarra Resources (TSE:YGR - Get Free Report) last posted its earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$21.78 million for the quarter. Yangarra Resources had a net margin of 13.38% and a return on equity of 2.57%. As a group, research analysts expect 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.

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