TD Securities Trims Yangarra Resources (TSE:YGR) Target Price to C$3.50

Yangarra Resources (TSE:YGR) had its target price decreased by TD Securities from C$4.00 to C$3.50 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. TD Securities’ price target points to a potential upside of 122.93% from the company’s current price.

Several other analysts also recently weighed in on YGR. Raymond James set a C$4.00 target price on shares of Yangarra Resources and gave the stock a “strong-buy” rating in a research report on Friday. Cormark dropped their price objective on shares of Yangarra Resources from C$5.00 to C$4.50 in a report on Friday. National Bank Financial dropped their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Canaccord Genuity dropped their price objective on shares of Yangarra Resources from C$5.50 to C$4.00 in a report on Tuesday, July 9th. Finally, CIBC dropped their price objective on shares of Yangarra Resources from C$4.25 to C$3.00 in a report on Thursday, July 18th.

TSE:YGR traded down C$0.05 during trading hours on Friday, hitting C$1.57. 228,837 shares of the company were exchanged, compared to its average volume of 230,334. The stock has a market cap of $140.00 million and a PE ratio of 3.49. Yangarra Resources has a 52-week low of C$1.53 and a 52-week high of C$5.44. The company has a debt-to-equity ratio of 65.52, a current ratio of 0.67 and a quick ratio of 0.63. The company’s 50 day moving average is C$1.95.

Yangarra Resources (TSE:YGR) last released its earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter, missing the consensus estimate of C$0.16 by C($0.03). The business had revenue of C$39.91 million for the quarter, compared to the consensus estimate of C$44.10 million. As a group, equities research analysts predict that Yangarra Resources will post 0.67 EPS for the current year.

In other Yangarra Resources news, Senior Officer Lorne David Simpson acquired 25,500 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were acquired at an average cost of C$1.70 per share, with a total value of C$43,350.00. Following the acquisition, the insider now directly owns 348,019 shares of the company’s stock, valued at C$591,632.30. Insiders bought a total of 69,100 shares of company stock worth $118,072 over the last ninety days.

About Yangarra Resources

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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