Yangarra Resources (TSE:YGR) Stock Crosses Below 200 Day Moving Average of $2.38

Yangarra Resources Ltd. (TSE:YGR – Get Rating)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.38 and traded as low as C$1.73. Yangarra Resources shares last traded at C$1.73, with a volume of 65,394 shares.

Analyst Ratings Changes

A number of equities analysts have weighed in on YGR shares. Raymond James reduced their price target on Yangarra Resources from C$3.50 to C$3.00 in a research report on Tuesday, April 11th. ATB Capital reduced their target price on Yangarra Resources from C$3.80 to C$3.30 in a report on Tuesday, March 28th.

Yangarra Resources Stock Down 1.7 %

The firm has a 50 day moving average of C$1.88 and a two-hundred day moving average of C$2.38. The firm has a market capitalization of C$163.97 million, a price-to-earnings ratio of 1.59 and a beta of 2.52. The company has a quick ratio of 0.91, a current ratio of 0.26 and a debt-to-equity ratio of 26.34.

Yangarra Resources (TSE:YGR – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The oil and gas exploration company reported C$0.27 EPS for the quarter. Yangarra Resources had a return on equity of 22.13% and a net margin of 45.02%. The firm had revenue of C$60.29 million for the quarter. As a group, sell-side analysts anticipate that Yangarra Resources Ltd. will post 0.6048951 EPS for the current fiscal year.

Yangarra Resources Company Profile

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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. As of February 1, 2022, it had proved plus probable reserves of 141.2 million barrels of oil equivalent. The company is headquartered in Calgary, Canada.