Yangarra Resources Ltd. (TSE:YGR – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.29 and traded as low as C$1.14. Yangarra Resources shares last traded at C$1.16, with a volume of 160,305 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. ATB Capital dropped their target price on Yangarra Resources from C$2.00 to C$1.60 and set a “buy” rating on the stock in a research report on Friday, March 8th. Raymond James dropped their target price on Yangarra Resources from C$3.00 to C$2.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. National Bankshares lowered their price objective on Yangarra Resources from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a research report on Friday, March 8th. Finally, Atb Cap Markets upgraded Yangarra Resources from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 8th.
Yangarra Resources Stock Down 0.9 %
Yangarra Resources (TSE:YGR – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The oil and gas exploration company reported C$0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.12. Yangarra Resources had a return on equity of 9.24% and a net margin of 30.65%. The company had revenue of C$33.65 million for the quarter. Sell-side analysts predict that Yangarra Resources Ltd. will post 0.4494382 earnings per share for the current fiscal 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.
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