Yangarra Resources Ltd. (TSE:YGR – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.08 and traded as low as C$1.00. Yangarra Resources shares last traded at C$1.01, with a volume of 12,254 shares trading hands.
Analyst Upgrades and Downgrades
Separately, National Bankshares dropped their price objective on shares of Yangarra Resources from C$1.50 to C$1.25 in a research note on Friday, September 27th.
View Our Latest Stock Analysis on Yangarra Resources
Yangarra Resources Stock Down 1.9 %
Yangarra Resources (TSE:YGR – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.04). The firm had revenue of C$26.26 million during the quarter, compared to the consensus estimate of C$33.20 million. Yangarra Resources had a return on equity of 7.90% and a net margin of 29.17%. On average, equities analysts expect that Yangarra Resources Ltd. will post 0.490566 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.
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