Yangarra Resources (YGR) Price Target Raised to C$8.75
Yangarra Resources (TSE:YGR) had its price objective hoisted by National Bank Financial from C$8.50 to C$8.75 in a report released on Thursday. The firm currently has an outperform rating on the oil and gas exploration company’s stock. National Bank Financial also issued estimates for Yangarra Resources’ FY2018 earnings at $0.39 EPS and FY2019 earnings at $0.95 EPS.
YGR has been the subject of a number of other research reports. Raymond James decreased their price objective on Yangarra Resources from C$8.25 to C$7.75 in a report on Friday, October 5th. CIBC increased their price objective on Yangarra Resources from C$7.50 to C$8.25 in a report on Friday, September 14th. TD Securities decreased their price objective on Yangarra Resources from C$7.50 to C$7.00 in a report on Thursday. Finally, Industrial Alliance Securities increased their price objective on Yangarra Resources from C$7.75 to C$8.25 in a report on Thursday, August 9th.
YGR opened at C$3.65 on Thursday. 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 has a 12-month low of C$3.15 and a 12-month high of C$6.50.
In related news, Director Gordon Bowerman purchased 10,000 shares of Yangarra Resources stock in a transaction dated Thursday, August 16th. The stock was purchased at an average cost of C$4.32 per share, for a total transaction of C$43,200.00. Also, insider Gurdeep Singh Gill purchased 20,000 shares of Yangarra Resources stock in a transaction dated Monday, August 20th. The shares were bought at an average price of C$4.50 per share, with a total value of C$90,000.00. Insiders have bought 159,700 shares of company stock valued at $689,359 over the last 90 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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