National Bank Financial Issues Positive Forecast for Yangarra Resources (TSE:YGR) Stock Price

Yangarra Resources (TSE:YGR) had its price target hoisted by National Bank Financial from C$1.00 to C$1.25 in a report issued on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the oil and gas exploration company’s stock.

Yangarra Resources Trading Down 5.8%

TSE YGR traded down C$0.07 during trading hours on Friday, reaching C$1.14. The company’s stock had a trading volume of 149,939 shares, compared to its average volume of 114,359. The firm has a fifty day simple moving average of C$1.09 and a 200-day simple moving average of C$1.05. The stock has a market cap of C$115.45 million, a P/E ratio of 6.71 and a beta of 0.19. Yangarra Resources has a 52 week low of C$0.80 and a 52 week high of C$1.23. The company has a debt-to-equity ratio of 20.63, a current ratio of 2.00 and a quick ratio of 0.91.

Yangarra Resources (TSE:YGR) last posted its earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.01 earnings per share for the quarter. Yangarra Resources had a net margin of 15.55% and a return on equity of 3.16%. The firm had revenue of C$21.78 million for the quarter. Equities analysts forecast that Yangarra Resources will post 0.490566 earnings per share for the current fiscal 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.