Yangarra Resources Ltd. (YGR) Price Target Raised to C$3.00

Yangarra Resources Ltd. (YGR) Price Target Raised to C$3.00

Yangarra Resources Ltd. (TSE:YGR) had its price target boosted by Raymond James Financial, Inc. from C$2.50 to C$3.00 in a research note released on Wednesday. Raymond James Financial, Inc. currently has an outperform rating on the oil and gas exploration company’s stock.

Shares of Yangarra Resources (TSE:YGR) opened at 2.48 on Wednesday. The firm has a 50-day moving average price of $1.99 and a 200-day moving average price of $1.43. The firm has a market cap of $196.37 million and a price-to-earnings ratio of 17.46. Yangarra Resources has a 52-week low of $0.48 and a 52-week high of $2.52.

Yangarra Resources Company Profile

Yangarra Resources Ltd. is an exploration focused oil and natural gas company. The Company is engaged in production, exploration and development of resource properties in the Central Alberta, Medicine Hat and Jaslan areas of Alberta. It produces oil and gas assets of approximately 2,390 barrel of oil equivalent per day (boe/d) of oil, natural gas and natural gas liquids (NGLs).

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