Yangarra Resources (TSE:YGR) had its price target lifted by CIBC from C$7.50 to C$8.25 in a research report report published on Friday.

Several other brokerages have also issued reports on YGR. Raymond James increased their price target on Yangarra Resources from C$7.50 to C$8.00 and gave the stock a strong-buy rating in a report on Wednesday, May 30th. Industrial Alliance Securities increased their price target on Yangarra Resources from C$7.75 to C$8.25 in a report on Thursday, August 9th.

Shares of Yangarra Resources stock opened at C$4.43 on Friday. Yangarra Resources has a one year low of C$3.42 and a one year high of C$6.50.

Yangarra Resources (TSE:YGR) last announced its earnings results on Wednesday, August 8th. The oil and gas exploration company reported C$0.02 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.06). The business had revenue of C$29.92 million for the quarter, compared to the consensus estimate of C$25.60 million. Yangarra Resources had a net margin of 24.36% and a return on equity of 7.98%.

In other news, Director Neil M. Mackenzie purchased 19,100 shares of the business’s stock in a transaction on Monday, July 23rd. The shares were acquired at an average price of C$5.38 per share, for a total transaction of C$102,758.00. Also, Director Gordon Bowerman purchased 5,000 shares of the business’s stock in a transaction on Wednesday, July 18th. The stock was purchased at an average price of C$5.38 per share, for a total transaction of C$26,900.00. In the last quarter, insiders acquired 193,500 shares of company stock worth $924,052.

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 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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