Yangarra Resources (TSE:YGR – Get Free Report) was upgraded by equities researchers at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, BayStreet reports. The brokerage currently has a C$2.20 price objective on the oil and gas exploration company’s stock, up from their prior price objective of C$1.80. ATB Cormark Capital Markets’ price objective would suggest a potential upside of 51.72% from the stock’s current price.
Yangarra Resources Price Performance
TSE:YGR opened at C$1.45 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 20.90. Yangarra Resources has a 12-month low of C$0.90 and a 12-month high of C$1.67. The stock’s fifty day simple moving average is C$1.49 and its 200-day simple moving average is C$1.39. The firm has a market capitalization of C$153.11 million, a P/E ratio of 8.06 and a beta of -0.83.
Yangarra Resources (TSE:YGR – Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.11 earnings per share for the quarter. The firm had revenue of C$39.21 million for the quarter. Yangarra Resources had a return on equity of 3.31% and a net margin of 17.15%. Equities research analysts expect that Yangarra Resources will post 0.490566 earnings per share for the current 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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