Yangarra Resources (TSE:YGR) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Yangarra Resources Ltd. (TSE:YGR) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$1.58 and traded as high as C$1.80. Yangarra Resources shares last traded at C$1.72, with a volume of 250,785 shares trading hands.

Analysts Set New Price Targets

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

Yangarra Resources Stock Up 3.5%

The stock’s fifty day simple moving average is C$1.59 and its 200-day simple moving average is C$1.43. The stock has a market cap of C$187.96 million, a P/E ratio of 9.89 and a beta of -0.83. The company has a debt-to-equity ratio of 20.90, a quick ratio of 0.91 and a current ratio of 1.56.

Yangarra Resources (TSE:YGR) last announced its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.11 EPS for the quarter. Yangarra Resources had a net margin of 17.15% and a return on equity of 3.31%. The company had revenue of C$39.21 million for the quarter. As a group, research analysts forecast that Yangarra Resources Ltd. will post 0.49 earnings per share for the current fiscal year.

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.