Yangarra Resources (TSE:YGR) Raised to Outperform at ATB Cormark Capital Markets

Yangarra Resources (TSE:YGR) was upgraded by equities researchers at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday, BayStreet reports. The brokerage currently has a C$2.20 price target on the oil and gas exploration company’s stock, up from their prior price target of C$1.80. ATB Cormark Capital Markets’ price target indicates a potential upside of 51.72% from the company’s previous close.

Yangarra Resources Price Performance

Shares of Yangarra Resources stock opened at C$1.45 on Wednesday. Yangarra Resources has a 52-week low of C$0.90 and a 52-week high of C$1.67. The company has a debt-to-equity ratio of 20.90, a quick ratio of 0.91 and a current ratio of 1.56. The business’s 50 day simple moving average is C$1.49 and its 200 day simple moving average is C$1.39. The firm has a market cap of C$153.11 million, a PE ratio of 8.06 and a beta of -0.83.

Yangarra Resources (TSE:YGR) 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. Yangarra Resources had a net margin of 17.15% and a return on equity of 3.31%. The business had revenue of C$39.21 million during the quarter. On average, analysts predict that Yangarra Resources will post 0.490566 earnings per share for the current fiscal 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.