Raymond James reaffirmed their strong-buy rating on shares of Yangarra Resources (TSE:YGR) in a research report report published on Thursday morning, BayStreet.CA reports. Raymond James currently has a C$6.50 target price on the oil and gas exploration company’s stock.
Other equities analysts have also issued research reports about the stock. Canaccord Genuity cut their target price on shares of Yangarra Resources from C$6.00 to C$5.50 in a research report on Thursday. TD Securities increased their target price on shares of Yangarra Resources from C$5.00 to C$6.00 and gave the stock a buy rating in a research report on Wednesday, January 30th. Finally, CIBC cut their target price on shares of Yangarra Resources from C$4.50 to C$4.25 and set a neutral rating for the company in a research report on Monday, March 11th.
Shares of TSE:YGR opened at C$2.94 on Thursday. The company has a debt-to-equity ratio of 52.67, a current ratio of 0.60 and a quick ratio of 0.51. The stock has a market cap of $241.49 million and a price-to-earnings ratio of 7.54. Yangarra Resources has a twelve month low of C$2.17 and a twelve month high of C$6.38.
Yangarra Resources (TSE:YGR) last issued its earnings results on Thursday, March 7th. The oil and gas exploration company reported C$0.15 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.09. The business had revenue of C$30.17 million for the quarter, compared to the consensus estimate of C$34.40 million. Analysts predict that Yangarra Resources will post 0.750000013066202 EPS for the current fiscal year.
In other Yangarra Resources news, Director James Grant Evaskevich bought 10,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was purchased at an average price of C$3.45 per share, for a total transaction of C$34,500.00. Following the completion of the transaction, the director now directly owns 2,527,118 shares of the company’s stock, valued at C$8,718,557.10.
About Yangarra Resources
Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company holds oil and gas interests in various sections, primarily focusing on Cardium in Central Alberta. Yangarra Resources Ltd. is headquartered in Calgary, Canada.
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