Yangarra Resources (TSE:YGR) had its target price decreased by investment analysts at Canaccord Genuity from C$7.00 to C$6.00 in a research note issued on Thursday. Canaccord Genuity’s target price indicates a potential upside of 86.34% from the company’s current price.
A number of other brokerages have also issued reports on YGR. National Bank Financial reiterated an “outperform” rating and set a C$8.50 target price on shares of Yangarra Resources in a research report on Tuesday, October 2nd. Raymond James reduced their target price on shares of Yangarra Resources from C$8.25 to C$7.75 in a research report on Friday, October 5th. TD Securities upped their target price on shares of Yangarra Resources from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Monday, September 17th. Finally, CIBC increased their price objective on shares of Yangarra Resources from C$7.50 to C$8.25 in a report on Friday, September 14th.
Shares of YGR stock opened at C$3.22 on Thursday. Yangarra Resources has a 1 year low of C$2.17 and a 1 year high of C$6.50. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 49.85.
In related news, insider Gurdeep Singh Gill acquired 48,300 shares of the stock in a transaction dated Tuesday, October 16th. The stock was bought at an average price of C$4.25 per share, with a total value of C$205,275.00. Also, Director Frederick Lee Morton acquired 11,000 shares of the stock in a transaction dated Friday, December 7th. The shares were bought at an average cost of C$2.88 per share, with a total value of C$31,680.00. Insiders acquired 222,930 shares of company stock valued at $729,355 in 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 has oil and gas interests in various sections of land located in Central Alberta and Medicine Hat. Yangarra Resources Ltd. is headquartered in Calgary, Canada.
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