Yangarra Resources (TSE:YGR) Issues Earnings Results

Yangarra Resources (TSE:YGR) announced its quarterly earnings results on Thursday. The oil and gas exploration company reported C$0.07 earnings per share for the quarter, FiscalAI reports. Yangarra Resources had a return on equity of 3.31% and a net margin of 17.15%. The firm had revenue of C$35.67 million for the quarter.

Yangarra Resources Price Performance

Shares of YGR stock traded down C$0.01 on Thursday, reaching C$1.72. The company’s stock had a trading volume of 73,601 shares, compared to its average volume of 179,590. The company has a market capitalization of C$181.62 million, a P/E ratio of 9.56 and a beta of -0.83. Yangarra Resources has a 12-month low of C$0.90 and a 12-month high of C$1.85. The stock’s 50 day simple moving average is C$1.60 and its 200-day simple moving average is C$1.36. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 20.90.

Wall Street Analysts Forecast Growth

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

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.