Raymond James reiterated their strong-buy rating on shares of Yangarra Resources (TSE:YGR) in a report issued on Friday, BayStreet.CA reports. The firm currently has a C$4.00 price objective on the oil and gas exploration company’s stock.
Several other equities research analysts also recently commented on the stock. CIBC reduced their price target on shares of Yangarra Resources from C$4.25 to C$3.00 in a research report on Thursday, July 18th. Laurentian dropped their price objective on shares of Yangarra Resources from C$5.75 to C$5.25 in a research note on Wednesday, July 24th. Cormark dropped their price objective on shares of Yangarra Resources from C$5.00 to C$4.50 in a research note on Friday. Canaccord Genuity dropped their price objective on shares of Yangarra Resources from C$5.50 to C$4.00 in a research note on Tuesday, July 9th. Finally, 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 research note on Tuesday, June 25th.
Shares of TSE:YGR traded down C$0.07 during mid-day trading on Friday, hitting C$1.55. The stock had a trading volume of 599,700 shares, compared to its average volume of 232,812. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 65.52. The stock has a market capitalization of $132.31 million and a P/E ratio of 3.44. Yangarra Resources has a 12-month low of C$1.53 and a 12-month high of C$5.44. The firm’s 50 day simple moving average is C$1.93.
Yangarra Resources (TSE:YGR) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.16 by C($0.03). The company had revenue of C$39.91 million for the quarter, compared to analyst estimates of C$44.10 million. As a group, equities research analysts anticipate that Yangarra Resources will post 0.67 EPS for the current fiscal year.
In related news, Senior Officer Lorne David Simpson acquired 25,500 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were purchased at an average price of C$1.70 per share, for a total transaction of C$43,350.00. Following the purchase, the insider now owns 348,019 shares in the company, valued at C$591,632.30. In the last quarter, insiders acquired 69,100 shares of company stock worth $118,072.
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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