Yangarra Resources Ltd (TSE:YGR) had its price target hoisted by investment analysts at Raymond James Financial, Inc. from C$5.00 to C$5.50 in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the oil and gas exploration company’s stock. Raymond James Financial, Inc.’s price target indicates a potential upside of 39.59% from the stock’s previous close.

Shares of Yangarra Resources (YGR) remained flat at $C$4.05 on Friday. The company had a trading volume of 405,328 shares,

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In other news, Director James Grant Evaskevich acquired 20,000 shares of the stock in a transaction on Friday, September 15th. The stock was acquired at an average cost of C$3.40 per share, for a total transaction of C$68,000.00. Over the last quarter, insiders purchased 26,000 shares of company stock valued at $90,384.

About Yangarra Resources

Yangarra Resources Ltd., a junior oil and gas company, explores, develops, and produces resource properties in Western Canada. It 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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