Yangarra Resources (TSE:YGR) has been assigned a C$6.50 price objective by investment analysts at Raymond James in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the oil and gas exploration company’s stock. Raymond James’ target price would indicate a potential upside of 128.87% from the company’s previous close.
A number of other research firms also recently issued reports on YGR. Canaccord Genuity reduced their price target on shares of Yangarra Resources from C$7.00 to C$6.00 in a research report on Thursday, January 10th. CIBC cut their price objective on Yangarra Resources from C$4.50 to C$4.25 and set a “neutral” rating for the company in a research report on Monday, March 11th. Finally, TD Securities lifted their price objective on Yangarra Resources from C$5.00 to C$6.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th.
Shares of YGR stock traded down C$0.12 during midday trading on Thursday, reaching C$2.84. 228,167 shares of the company traded hands, compared to its average volume of 234,885. Yangarra Resources has a 1-year low of C$2.17 and a 1-year high of C$6.38. The company has a current ratio of 0.60, a quick ratio of 0.51 and a debt-to-equity ratio of 52.67. The company has a market cap of $232.10 million and a price-to-earnings ratio of 7.28.
Yangarra Resources (TSE:YGR) last posted its quarterly earnings results on Thursday, March 7th. The oil and gas exploration company reported C$0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.06 by C$0.09. The company had revenue of C$30.17 million for the quarter, compared to analyst estimates of C$34.40 million. Sell-side analysts forecast that Yangarra Resources will post 0.750000013066202 earnings per share 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 on Wednesday, April 17th. The stock was bought at an average cost of C$3.45 per share, for a total transaction of C$34,500.00. Following the acquisition, the director now owns 2,527,118 shares of the company’s stock, valued at approximately C$8,718,557.10.
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.
Recommended Story: Quick Ratio