Yangarra Resources (TSE:YGR) Price Target Cut to C$3.00

Yangarra Resources (TSE:YGR) had its price target trimmed by CIBC from C$4.25 to C$3.00 in a report published on Thursday, BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the stock. Canaccord Genuity reaffirmed a buy rating and set a $7.50 price target on shares of in a research note on Tuesday, July 9th. National Bank Financial decreased their price target on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research note on Tuesday, June 25th. Finally, Raymond James reaffirmed a hold rating on shares of PrairieSky Royalty in a research note on Thursday, July 11th.

Yangarra Resources stock opened at C$1.72 on Thursday. The stock has a market capitalization of $146.82 million and a P/E ratio of 3.82. The company’s fifty day simple moving average is C$2.17. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 65.52. Yangarra Resources has a 52-week low of C$1.67 and a 52-week high of C$5.44.

Yangarra Resources (TSE:YGR) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.16 by C($0.03). The company had revenue of C$39.91 million for the quarter, compared to the consensus estimate of C$44.10 million. As a group, sell-side analysts anticipate that Yangarra Resources will post 0.6700001 EPS for the current year.

Yangarra Resources Company Profile

Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company holds oil and gas interests in various sections, primarily focusing on Cardium in Central Alberta. Yangarra Resources Ltd. is headquartered in Calgary, Canada.

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