Yangarra Resources (YGR) PT Lowered to C$6.75

Yangarra Resources (TSE:YGR) had its target price cut by CIBC from C$8.25 to C$6.75 in a research note published on Thursday morning.

Other equities analysts have also recently issued reports about the stock. TD Securities dropped their target price on shares of Yangarra Resources from C$7.50 to C$7.00 in a research report on Thursday, November 8th. Raymond James dropped their target price on shares of Yangarra Resources from C$8.25 to C$7.75 in a research report on Friday, October 5th. Industrial Alliance Securities boosted their target price on shares of Yangarra Resources from C$7.75 to C$8.25 in a research report on Thursday, August 9th. Finally, National Bank Financial boosted their target price on shares of Yangarra Resources from C$8.50 to C$8.75 and gave the company an outperform rating in a research report on Thursday, November 8th.

Shares of TSE:YGR traded down C$0.27 during midday trading on Thursday, hitting C$2.91. The stock had a trading volume of 133,010 shares, compared to its average volume of 255,770. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.53 and a current ratio of 0.62. Yangarra Resources has a fifty-two week low of C$2.91 and a fifty-two week high of C$6.50.

In related news, Director James Grant Evaskevich acquired 10,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was acquired at an average cost of C$4.43 per share, for a total transaction of C$44,300.00. Also, insider Gurdeep Singh Gill acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of C$3.16 per share, with a total value of C$63,200.00. Insiders bought a total of 167,230 shares of company stock valued at $655,881 over the last 90 days.

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 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.

Read More: Reverse Stock Split

Receive News & Ratings for Yangarra Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yangarra Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply