Yangarra Resources (YGR) PT Raised to C$7.50 at TD Securities

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Yangarra Resources (TSE:YGR) had its price target raised by TD Securities from C$7.00 to C$7.50 in a research report sent to investors on Monday, September 17th. TD Securities currently has a buy rating on the oil and gas exploration company’s stock.

Other analysts have also issued research reports about the stock. CIBC raised their target price on shares of Yangarra Resources from C$7.50 to C$8.25 in a research report on Friday, September 14th. Industrial Alliance Securities raised 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, Raymond James lifted their price target on shares of Yangarra Resources from C$8.00 to C$8.25 in a report on Thursday, July 5th.

Shares of YGR traded up C$0.02 during mid-day trading on Monday, reaching C$4.33. 148,800 shares of the company’s stock were exchanged, compared to its average volume of 259,668. Yangarra Resources has a 52-week low of C$3.46 and a 52-week high of C$6.50.

Yangarra Resources (TSE:YGR) last issued its quarterly earnings data on Wednesday, August 8th. The oil and gas exploration company reported C$0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.06). Yangarra Resources had a return on equity of 7.98% and a net margin of 24.36%. The business had revenue of C$29.92 million for the quarter, compared to analysts’ expectations of C$25.60 million.

In other Yangarra Resources news, Director James Grant Evaskevich bought 50,000 shares of Yangarra Resources stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average price of C$4.80 per share, for a total transaction of C$240,000.00. Also, Director Gordon Bowerman bought 5,000 shares of Yangarra Resources stock in a transaction that occurred on Wednesday, July 18th. The shares were acquired at an average price of C$5.38 per share, for a total transaction of C$26,900.00. In the last quarter, insiders acquired 193,500 shares of company stock worth $924,052.

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.

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