Yangarra Resources Ltd. (TSE:YGR – Get Free Report)’s share price hit a new 52-week low on Monday after Raymond James lowered their price target on the stock from C$3.00 to C$2.00. Raymond James currently has an outperform rating on the stock. Yangarra Resources traded as low as C$1.13 and last traded at C$1.15, with a volume of 12250 shares traded. The stock had previously closed at C$1.14.
A number of other brokerages also recently issued reports on YGR. ATB Capital downgraded shares of Yangarra Resources from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$2.50 to C$2.00 in a report on Thursday. National Bankshares reduced their price target on shares of Yangarra Resources from C$4.00 to C$2.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 10th. Finally, Atb Cap Markets downgraded shares of Yangarra Resources from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 17th.
Insider Buying and Selling
In related news, Director Gordon Bowerman purchased 17,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of C$1.55 per share, for a total transaction of C$26,350.00. Insiders bought a total of 47,100 shares of company stock worth $71,947 in the last 90 days. 11.57% of the stock is owned by corporate insiders.
Yangarra Resources Price Performance
The stock’s fifty day moving average is C$1.32 and its 200-day moving average is C$1.63. The stock has a market capitalization of C$109.02 million, a PE ratio of 1.04 and a beta of 2.36. The company has a debt-to-equity ratio of 24.81, a current ratio of 0.99 and a quick ratio of 0.91.
Yangarra Resources (TSE:YGR – Get Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas exploration company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The company had revenue of C$45.41 million for the quarter. Yangarra Resources had a net margin of 33.73% and a return on equity of 12.21%. As a group, equities analysts predict that Yangarra Resources Ltd. will post 0.5089286 earnings per share for the current fiscal year.
Yangarra Resources Company Profile
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.