Yangarra Resources (TSE:YGR) Shares Pass Above 50 Day Moving Average - What's Next?

Key Points

• Technical move: Yangarra passed above its 50‑day moving average (C$1.20), trading as high as C$1.39 and last at C$1.37 on volume of 344,654 shares, despite the report noting the stock was down 6.2%.
• Analyst update: National Bank Financial raised its price target from C$1.00 to C$1.25 and gave a "sector perform" rating; the consensus rating is Hold with a C$1.25 target.
• Financials: The company has a market cap of C$144.6M and a P/E of 9.79; last quarter EPS was C$0.01 on C$21.78M revenue, and analysts forecast about C$0.49 EPS for the year.

Yangarra Resources Ltd. (TSE:YGR - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.20 and traded as high as C$1.39. Yangarra Resources shares last traded at C$1.37, with a volume of 344,654 shares traded.

Analysts Set New Price Targets

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

Yangarra Resources Stock Down 6.2%

The company has a debt-to-equity ratio of 22.14, a current ratio of 1.94 and a quick ratio of 0.91. The company has a market cap of C$144.56 million, a P/E ratio of 9.79 and a beta of -0.65. The stock has a 50-day moving average of C$1.20 and a 200 day moving average of C$1.10.

Yangarra Resources (TSE:YGR - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.01 EPS for the quarter. Yangarra Resources had a return on equity of 2.57% and a net margin of 13.38%.The company had revenue of C$21.78 million for the quarter. Research analysts anticipate that Yangarra Resources Ltd. will post 0.490566 earnings per share 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.

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