Yangarra Resources (TSE:YGR) Posts Quarterly Earnings Results

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

Yangarra Resources Stock Performance

TSE YGR opened at C$1.72 on Friday. The firm has a market cap of C$181.62 million, a PE ratio of 9.56 and a beta of -0.83. Yangarra Resources has a 1-year low of C$0.90 and a 1-year high of C$1.85. The stock has a 50-day moving average of C$1.60 and a 200-day moving average of C$1.36. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 20.90.

Wall Street Analyst Weigh In

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

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.