Canaccord Genuity Cuts Yangarra Resources (TSE:YGR) Price Target to C$4.00

Yangarra Resources (TSE:YGR) had its price objective decreased by Canaccord Genuity from C$5.50 to C$4.00 in a research report released on Tuesday morning, BayStreet.CA reports.

Other analysts have also issued research reports about the company. CIBC reduced their target price on Yangarra Resources from C$4.50 to C$4.25 and set a neutral rating for the company in a report on Monday, March 11th. Raymond James restated an average rating and issued a $4.50 target price on shares of John Hancock Financial Opprts Fund in a report on Thursday, May 9th. Finally, National Bank Financial reduced their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th.

YGR opened at C$1.92 on Tuesday. The company has a market cap of $183.53 million and a price-to-earnings ratio of 4.27. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 65.52. The stock’s fifty day moving average is C$2.27. Yangarra Resources has a fifty-two week low of C$1.80 and a fifty-two week high of C$5.84.

Yangarra Resources (TSE:YGR) last released its earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.16 by C($0.03). The firm had revenue of C$39.91 million during the quarter, compared to the consensus estimate of C$44.10 million. On average, equities research analysts expect that Yangarra Resources will post 0.67 EPS for the current fiscal year.

In other news, Director James Grant Evaskevich acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was acquired at an average cost of C$3.45 per share, for a total transaction of C$34,500.00. Following the completion of the acquisition, the director now owns 2,527,118 shares in the company, 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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