Yangarra Resources (YGR) Sets New 1-Year Low at $3.51

Yangarra Resources Ltd (TSE:YGR) hit a new 52-week low on Friday . The stock traded as low as C$3.51 and last traded at C$3.54, with a volume of 114606 shares. The stock had previously closed at C$3.74.

Several brokerages have weighed in on YGR. Industrial Alliance Securities upped their price target on Yangarra Resources from C$7.75 to C$8.25 in a report on Thursday, August 9th. National Bank Financial restated an “outperform” rating and set a C$8.50 price target on shares of Yangarra Resources in a report on Tuesday, October 2nd. TD Securities upped their price target on Yangarra Resources from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Monday, September 17th. CIBC upped their price target on Yangarra Resources from C$7.50 to C$8.25 in a report on Friday, September 14th. Finally, Raymond James cut their price target on Yangarra Resources from C$8.25 to C$7.75 in a report on Friday, October 5th.

Yangarra Resources (TSE:YGR) last issued its quarterly earnings results on Wednesday, August 8th. The oil and gas exploration company reported C$0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.06). The business had revenue of C$29.92 million during the quarter, compared to the consensus estimate of C$25.60 million.

In other Yangarra Resources news, Director James Grant Evaskevich acquired 50,000 shares of the company’s stock in a transaction dated 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 acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was acquired at an average price of C$4.32 per share, for a total transaction of C$43,200.00. In the last 90 days, insiders have acquired 209,700 shares of company stock worth $929,359.

Yangarra Resources Company Profile (TSE:YGR)

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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