Yangarra Resources (TSE:YGR) was upgraded by research analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a report released on Wednesday. The brokerage currently has a C$6.00 price objective on the oil and gas exploration company’s stock. Raymond James Financial’s price objective suggests a potential upside of 20.97% from the company’s current price.
Yangarra Resources (TSE:YGR) traded up C$0.71 during trading hours on Wednesday, reaching C$4.96. 562,505 shares of the company’s stock traded hands, compared to its average volume of 245,630. The firm has a market cap of $350.74, a price-to-earnings ratio of 29.18 and a beta of 1.08. Yangarra Resources has a 12 month low of C$2.28 and a 12 month high of C$5.72.
In related news, Director James Grant Evaskevich purchased 110,000 shares of Yangarra Resources stock in a transaction dated Wednesday, January 24th. The shares were acquired at an average cost of C$5.05 per share, with a total value of C$555,500.00.
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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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