Yangarra Resources Ltd. (YGR) Given New C$4.00 Price Target at Raymond James Financial, Inc.

Yangarra Resources Ltd. (TSE:YGR) had its target price increased by Raymond James Financial, Inc. from C$3.50 to C$4.00 in a report published on Friday, May 12th. Raymond James Financial, Inc. currently has an outperform rating on the oil and gas exploration company’s stock.

Separately, Canaccord Genuity initiated coverage on Yangarra Resources in a research report on Monday, April 17th. They issued a speculative buy rating and a C$4.00 target price for the company.

Yangarra Resources (TSE YGR) traded up 1.91% during trading on Friday, reaching $3.20. The company’s stock had a trading volume of 94,996 shares. The firm has a market cap of $256.68 million and a P/E ratio of 76.19. Yangarra Resources has a 52 week low of $0.85 and a 52 week high of $3.53. The stock’s 50 day moving average is $2.98 and its 200-day moving average is $2.49.

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In related news, insider Randall Faminow sold 16,667 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of C$2.82, for a total value of C$47,000.94. Also, insider Lorne David Simpson sold 102,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of C$2.75, for a total value of C$280,500.00.

About Yangarra Resources

Yangarra Resources Ltd. is an exploration focused oil and natural gas company. The Company is engaged in production, exploration and development of resource properties in the Central Alberta, Medicine Hat and Jaslan areas of Alberta. It produces oil and gas assets of approximately 2,390 barrel of oil equivalent per day (boe/d) of oil, natural gas and natural gas liquids (NGLs).

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