Yangarra Resources (YGR) Given “Outperform” Rating at CIBC

Yangarra Resources (TSE:YGR)‘s stock had its “outperform” rating reissued by investment analysts at CIBC in a report released on Wednesday. They currently have a C$7.00 price target on the oil and gas exploration company’s stock. CIBC’s target price suggests a potential upside of 56.60% from the stock’s current price.

Separately, Raymond James Financial raised shares of Yangarra Resources from an “outperform” rating to a “strong-buy” rating and set a C$6.00 price target on the stock in a research note on Wednesday, February 14th.

Yangarra Resources (YGR) opened at C$4.47 on Wednesday. Yangarra Resources has a 12 month low of C$2.30 and a 12 month high of C$5.72. The firm has a market cap of $363.76, a price-to-earnings ratio of 26.29 and a beta of 1.14.

In other Yangarra Resources news, Director James Grant Evaskevich acquired 110,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were purchased at an average cost of C$5.05 per share, with a total value of C$555,500.00.

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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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