Yangarra Resources (TSE:YGR) PT Lowered to C$3.00 at CIBC

Yangarra Resources (TSE:YGR) had its price target lowered by CIBC from C$4.25 to C$3.00 in a research note published on Thursday, BayStreet.CA reports.

A number of other brokerages also recently issued reports on YGR. Canaccord Genuity reiterated a buy rating and issued a $7.50 price objective on shares of in a research report on Tuesday, July 9th. National Bank Financial lowered their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Finally, Raymond James reiterated a hold rating on shares of PrairieSky Royalty in a research report on Thursday, July 11th.

Shares of YGR stock opened at C$1.72 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 65.52. Yangarra Resources has a 52-week low of C$1.67 and a 52-week high of C$5.44. The stock has a market capitalization of $146.82 million and a P/E ratio of 3.82. The stock has a fifty day simple moving average of C$2.17.

Yangarra Resources (TSE:YGR) last issued its quarterly earnings data 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 company had revenue of C$39.91 million during the quarter, compared to the consensus estimate of C$44.10 million. Sell-side analysts predict that Yangarra Resources will post 0.6700001 earnings per share for the current fiscal year.

Yangarra Resources Company Profile

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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