Yangarra Resources (TSE:YGR) Stock Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Price action: Yangarra's stock crossed above its 50‑day moving average, trading as high as C$1.40 and last at C$1.37 versus the 50‑day MA of C$1.26 on volume of 74,645 shares, indicating short‑term strength.
• Analyst view: National Bank Financial raised its target from C$1.00 to C$1.25 and kept a "sector perform" rating; the MarketBeat consensus is a Hold with a C$1.25 target.
• Fundamentals and recent results: Market cap is about C$144.7M with a P/E of 9.79; the company reported quarterly EPS of C$0.01 on C$21.78M revenue and analysts forecast roughly C$0.49 EPS for the fiscal year.

Yangarra Resources Ltd. (TSE:YGR - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.26 and traded as high as C$1.40. Yangarra Resources shares last traded at C$1.37, with a volume of 74,645 shares trading hands.

Analysts Set New Price Targets

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

Yangarra Resources Stock Down 0.7%

The firm has a 50 day moving average of C$1.26 and a two-hundred day moving average of C$1.13. The firm has a market capitalization of C$144.67 million, a price-to-earnings ratio of 9.79 and a beta of -0.65. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 22.14.

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