Yangarra Resources (TSE:YGR) Price Target Cut to C$1.25

Yangarra Resources (TSE:YGR) had its target price lowered by National Bankshares from C$1.50 to C$1.25 in a research note released on Friday, BayStreet.CA reports.

Yangarra Resources Stock Performance

TSE YGR opened at C$1.02 on Friday. The stock has a market capitalization of C$100.21 million, a price-to-earnings ratio of 2.43 and a beta of 2.21. The business’s 50 day moving average is C$1.07 and its two-hundred day moving average is C$1.11. Yangarra Resources has a 12-month low of C$0.97 and a 12-month high of C$1.86. The company has a current ratio of 2.01, a quick ratio of 0.91 and a debt-to-equity ratio of 21.37.

Yangarra Resources (TSE:YGR) last released its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.09. The firm had revenue of C$35.72 million during the quarter, compared to analysts’ expectations of C$36.50 million. Yangarra Resources had a return on equity of 7.90% and a net margin of 29.17%. Research analysts expect that Yangarra Resources will post 0.504717 EPS for the current year.

About Yangarra Resources

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Western Canada. The company focuses on the Cardium in Central Alberta. It also focuses on the Western Canadian Sedimentary basin. The company is headquartered in Calgary, Canada.