National Bankshares Cuts Yangarra Resources (TSE:YGR) Price Target to C$1.25

Yangarra Resources (TSE:YGR) had its price objective cut by investment analysts at National Bankshares from C$1.50 to C$1.25 in a note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 23.76% from the company’s previous close.

Yangarra Resources Stock Down 1.0 %

Yangarra Resources stock traded down C$0.01 during midday trading on Friday, hitting C$1.01. 51,800 shares of the company were exchanged, compared to its average volume of 75,689. The company’s fifty day moving average price is C$1.07 and its 200-day moving average price is C$1.11. The company has a market cap of C$99.72 million, a PE ratio of 2.40 and a beta of 2.21. Yangarra Resources has a fifty-two week low of C$0.97 and a fifty-two week high of C$1.86. The company has a debt-to-equity ratio of 21.37, a current ratio of 2.01 and a quick ratio of 0.91.

Yangarra Resources (TSE:YGR) last posted its quarterly earnings results on Tuesday, July 30th. The oil and gas exploration company reported C$0.09 EPS for the quarter, hitting analysts’ consensus estimates of C$0.09. The business had revenue of C$35.72 million during the quarter, compared to the consensus estimate of C$36.50 million. Yangarra Resources had a return on equity of 7.90% and a net margin of 29.17%. On average, research analysts predict that Yangarra Resources will post 0.504717 EPS 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.