Yangarra Resources (TSE:YGR) Price Target Lowered to C$1.50 at National Bankshares

Yangarra Resources (TSE:YGR) had its price objective cut by equities researchers at National Bankshares from C$2.00 to C$1.50 in a report released on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the oil and gas exploration company’s stock. National Bankshares’ price objective would suggest a potential upside of 35.14% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Atb Cap Markets cut Yangarra Resources from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 17th. Raymond James decreased their price objective on shares of Yangarra Resources from C$3.00 to C$2.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, ATB Capital cut shares of Yangarra Resources from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$2.50 to C$2.00 in a research report on Thursday, January 18th.

Yangarra Resources Trading Down 5.9 %

Shares of Yangarra Resources stock traded down C$0.07 during trading on Friday, reaching C$1.11. 62,400 shares of the stock were exchanged, compared to its average volume of 53,785. The stock’s fifty day moving average is C$1.18 and its 200 day moving average is C$1.47. The firm has a market cap of C$105.23 million, a price-to-earnings ratio of 1.78 and a beta of 2.39. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 24.81. Yangarra Resources has a 1 year low of C$1.06 and a 1 year high of C$2.19.

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. The company focuses on the Cardium in Central Alberta. It also focuses on the Western Canadian Sedimentary basin. The company is headquartered in Calgary, Canada.