TD Securities Trims Yangarra Resources (YGR) Target Price to C$7.00

Yangarra Resources (TSE:YGR) had its price objective cut by TD Securities from C$7.50 to C$7.00 in a research note released on Thursday.

Other analysts have also issued research reports about the stock. CIBC boosted their price target on shares of Yangarra Resources from C$7.50 to C$8.25 in a research note on Friday, September 14th. Industrial Alliance Securities boosted their price target on shares of Yangarra Resources from C$7.75 to C$8.25 in a research note on Thursday, August 9th. Raymond James cut their price objective on shares of Yangarra Resources from C$8.25 to C$7.75 in a report on Friday, October 5th. Finally, National Bank Financial reaffirmed an outperform rating and set a C$8.50 price objective on shares of Yangarra Resources in a report on Tuesday, October 2nd.

Shares of YGR stock opened at C$3.65 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.62 and a debt-to-equity ratio of 46.98. Yangarra Resources has a 12 month low of C$3.15 and a 12 month high of C$6.50.

Yangarra Resources (TSE:YGR) last announced its quarterly earnings results on Wednesday, August 8th. The oil and gas exploration company reported C$0.02 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.06). The business had revenue of C$29.92 million for the quarter, compared to analyst estimates of C$25.60 million. Analysts forecast that Yangarra Resources will post 0.90000004972376 EPS for the current year.

In other news, insider Gurdeep Singh Gill acquired 20,000 shares of the business’s stock in a transaction on Monday, August 20th. The shares were purchased at an average cost of C$4.50 per share, with a total value of C$90,000.00. Also, Director Gordon Bowerman acquired 10,000 shares of the business’s stock in a transaction on Thursday, October 25th. The shares were purchased at an average cost of C$3.75 per share, for a total transaction of C$37,500.00. Insiders have acquired a total of 159,700 shares of company stock worth $689,359 over 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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