Raymond James Lowers Yangarra Resources (TSE:YGR) Price Target to C$0.75

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Yangarra Resources (TSE:YGR) had its price objective decreased by stock analysts at Raymond James from C$1.00 to C$0.75 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the oil and gas exploration company’s stock. Raymond James’ price target suggests a potential upside of 111.27% from the stock’s current price.

YGR has been the subject of a number of other research reports. Cormark dropped their price objective on Yangarra Resources from C$2.25 to C$1.80 in a research note on Friday, March 6th. AltaCorp Capital dropped their price objective on Yangarra Resources from C$2.10 to C$1.85 in a research note on Friday, February 7th. Laurentian dropped their price objective on Yangarra Resources from C$2.25 to C$2.00 in a research note on Wednesday, February 12th. Canaccord Genuity lowered Yangarra Resources from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$2.00 to C$0.60 in a research note on Tuesday, March 10th. Finally, TD Securities dropped their price objective on Yangarra Resources from C$3.00 to C$2.50 in a research note on Friday, February 7th.

TSE YGR opened at C$0.36 on Wednesday. The firm has a market cap of $31.59 million and a price-to-earnings ratio of 0.70. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 64.41. The business has a 50-day moving average price of C$0.74 and a 200-day moving average price of C$1.18. Yangarra Resources has a twelve month low of C$0.26 and a twelve month high of C$3.68.

In other news, Director Gordon Bowerman purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of C$0.42 per share, with a total value of C$42,000.00. Following the completion of the purchase, the director now owns 3,710,264 shares in the company, valued at C$1,558,310.88. Over the last three months, insiders have purchased 200,500 shares of company stock valued at $72,338.

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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