Cormark Raises Yangarra (TSE:YGR) Resource Price Target to C$5.25

Yangarra Resources (TSE:YGR – Get Appraisal) had its target price raised by Cormark investment analysts from C$4.50 to C$5.25 in a note issued to investors on Friday, BayStreet.CA reports. Cormark’s target price indicates a potential upside of 76.77% from the company’s current price.

A number of other equity research analysts also commented on the stock. National Bankshares lowered its price target on shares of Yangarra Resources from C$4.50 to C$4.00 and set an “industry performance” rating on the stock in a report released Monday, July 18. Raymond James raised his price target on Yangarra Resources shares from C$3.25 to C$4.00 and gave the company an “outperform” rating in a Tuesday, July 5 research note.

Yangarra resource stock up 4.2%

YGR stock traded at C$0.12 during Friday trading hours, hitting C$2.97. The company’s shares had a trading volume of 345,262 shares, compared to an average volume of 506,618. The company has a quick ratio of 1.13, a current ratio of 1.30 and a leverage ratio of 50 ,28. The stock has a 50-day moving average price of C$3.10 and a 200-day moving average price of C$2.66. The company has a market cap of C$258.02 million and a PE ratio of 4.35. Yangarra Resources has a 12-month low of CA$1.03 and a 12-month high of CA$4.07.

Yangarra Resources (TSE:YGR – Get Rating) last released its results on Wednesday, April 27. The oil and gas exploration company reported EPS of C$0.25 for the quarter. The company had revenue of C$51.43 million for the quarter. On average, equity research analysts expect Yangarra Resources to post earnings per share of 0.18 for the current year.

Insider Activity at Yangarra Resources

In other news, Director Frederick Lee Morton bought 28,000 shares of the company in a deal that took place on Monday, May 16. The shares were acquired at an average cost of CA$3.04 per share, for a total transaction of CA$85,120.00. As a result of the transaction, the administrator now directly owns 294,600 shares of the company, valued at approximately C$895,584. In related news, manager Robert Weir sold 50,000 shares in a trade that took place on Thursday, May 26. The shares were sold at an average price of CA$3.46, for a total value of CA$173,000.00. As a result of the sale, the administrator now directly owns 319,646 shares of the company, valued at approximately C$1,105,975.16. Additionally, director Frederick Lee Morton purchased 28,000 shares of the company in a transaction that took place on Monday, May 16. The shares were purchased at an average price of CA$3.04 per share, for a total transaction of CA$85,120.00. Following completion of the transaction, the administrator now directly owns 294,600 shares of the company, valued at C$895,584. Insiders have purchased 37,776 shares of the company worth $116,009 over the past ninety days.

Yangarra Resources Company Profile

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Yangarra Resources Ltd., a junior oil and gas company, is engaged in the exploration, development and production of oil and gas properties in Western Canada. As of February 1, 2022, it had proven and probable reserves of 141.2 million barrels of oil equivalent. The company is headquartered in Calgary, Canada.

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