Yangarra Resources Ltd. (TSE:YGR) Receives Average Recommendation of “Hold” from Analysts

Yangarra Resources Ltd. (TSE:YGR) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$1.59.

Several equities analysts have recently weighed in on YGR shares. Raymond James reaffirmed an “outperform” rating and set a C$2.00 price target on shares of Yangarra Resources in a research note on Friday, July 30th. National Bankshares lifted their target price on Yangarra Resources from C$1.50 to C$2.00 in a report on Thursday, June 17th. Finally, National Bank Financial raised their price target on Yangarra Resources from C$1.50 to C$2.00 and gave the stock a “speculative buy” rating in a research report on Thursday, June 17th.

Shares of YGR stock opened at C$1.48 on Tuesday. Yangarra Resources has a 12 month low of C$0.42 and a 12 month high of C$1.73. The company has a current ratio of 0.79, a quick ratio of 0.65 and a debt-to-equity ratio of 62.13. The stock has a 50 day moving average of C$1.38 and a two-hundred day moving average of C$1.30. The company has a market capitalization of C$126.87 million and a P/E ratio of 5.87.

Yangarra Resources (TSE:YGR) last released its earnings results on Wednesday, July 28th. The oil and gas exploration company reported C$0.09 EPS for the quarter. The firm had revenue of C$28.53 million during the quarter. Sell-side analysts predict that Yangarra Resources will post 0.18 earnings per share for the current fiscal year.

In related news, Director Neil M. Mackenzie acquired 44,600 shares of Yangarra Resources stock in a transaction on Friday, July 30th. The shares were acquired at an average cost of C$1.35 per share, with a total value of C$60,210.00. Following the transaction, the director now owns 1,075,467 shares in the company, valued at C$1,451,880.45. In the last 90 days, insiders have purchased 62,800 shares of company stock worth $82,575.

Yangarra Resources Company Profile

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Western Canada. As of March 4, 2021, it had proved plus probable reserves of 157.6 million barrels of oil equivalent. The company is headquartered in Calgary, Canada.

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Analyst Recommendations for Yangarra Resources (TSE:YGR)

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