Yangarra Resources (YGR) Hits New 1-Year Low on Analyst Downgrade

Yangarra Resources Ltd (TSE:YGR) hit a new 52-week low on Friday after TD Securities lowered their price target on the stock from C$7.50 to C$7.00. The company traded as low as C$3.21 and last traded at C$3.23, with a volume of 265882 shares. The stock had previously closed at C$3.59.

A number of other equities research analysts also recently weighed in on the company. National Bank Financial reiterated an “outperform” rating and issued a C$8.50 target price on shares of Yangarra Resources in a report on Tuesday, October 2nd. Raymond James lowered their target price on Yangarra Resources from C$8.25 to C$7.75 in a report on Friday, October 5th. Industrial Alliance Securities lifted their target price on Yangarra Resources from C$7.75 to C$8.25 in a report on Thursday, August 9th. Finally, CIBC boosted their price objective on Yangarra Resources from C$7.50 to C$8.25 in a report on Friday, September 14th.

In other news, Director Gordon Bowerman acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was purchased at an average price of C$4.32 per share, for a total transaction of C$43,200.00. Also, insider Gurdeep Singh Gill acquired 48,300 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The shares were purchased at an average price of C$4.25 per share, with a total value of C$205,275.00. In the last 90 days, insiders have bought 159,700 shares of company stock valued at $689,359.

The company has a debt-to-equity ratio of 46.98, a current ratio of 0.62 and a quick ratio of 0.53.

Yangarra Resources (TSE:YGR) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas exploration company reported C$0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.06). The firm had revenue of C$29.92 million during the quarter, compared to analysts’ expectations of C$25.60 million. On average, equities research analysts forecast that Yangarra Resources Ltd will post 0.90000004972376 EPS for the current year.

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Yangarra Resources Company Profile (TSE:YGR)

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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