Yangarra Resources (YGR) Given a C$6.50 Price Target by Raymond James Analysts

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Raymond James set a C$6.50 target price on Yangarra Resources (TSE:YGR) in a report issued on Wednesday morning. The firm currently has a strong-buy rating on the oil and gas exploration company’s stock.

Other research analysts have also recently issued reports about the company. Canaccord Genuity cut their price objective on Yangarra Resources from C$7.00 to C$6.00 in a report on Thursday, January 10th. TD Securities cut their price objective on Yangarra Resources from C$7.50 to C$7.00 in a report on Thursday, November 8th. CIBC cut their price objective on Yangarra Resources from C$8.25 to C$6.75 in a report on Thursday, November 22nd. Finally, National Bank Financial cut their price objective on Yangarra Resources from C$6.00 to C$5.50 and set an outperform rating for the company in a report on Tuesday, January 8th.

YGR opened at C$2.60 on Wednesday. Yangarra Resources has a fifty-two week low of C$2.17 and a fifty-two week high of C$6.50. The company has a debt-to-equity ratio of 49.85, a quick ratio of 0.54 and a current ratio of 0.62. The firm has a market cap of $221.89 million and a price-to-earnings ratio of 8.97.

Yangarra Resources (TSE:YGR) last posted its quarterly earnings results on Wednesday, November 7th. The oil and gas exploration company reported C$0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.14 by C$0.01. The business had revenue of C$45.13 million for the quarter, compared to analyst estimates of C$39.40 million. On average, sell-side analysts anticipate that Yangarra Resources will post 0.440000030461541 EPS for the current fiscal year.

In other Yangarra Resources news, Director James Grant Evaskevich purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was acquired at an average cost of C$3.35 per share, with a total value of C$33,500.00. Also, insider Gurdeep Singh Gill purchased 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The stock was acquired at an average cost of C$3.12 per share, with a total value of C$93,600.00. Over the last three months, insiders have acquired 150,100 shares of company stock valued at $434,818.

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.

Further Reading: Understanding each part of a balance sheet

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