Yangarra Resources - YGR Stock Forecast, Price & News

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Western Canada. As of February 1, 2022, it had proved plus probable reserves of 141.2 million barrels of oil equivalent. The company is headquartered in Calgary, Canada.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. National Bankshares decreased their price objective on shares of Yangarra Resources from C$4.50 to C$4.00 and set a "sector perform" rating for the company in a research report on Monday, July 18th. Cormark upped their price objective on shares of Yangarra Resources from C$4.50 to C$5.25 in a research report on Friday, July 29th. Finally, Raymond James upped their price objective on shares of Yangarra Resources from C$3.25 to C$4.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 5th.

Yangarra Resources Price Performance

Shares of YGR Stock traded up C$0.16 on Thursday, reaching C$2.84. 256,055 shares of the company were exchanged, compared to its average volume of 499,827. The company has a market cap of C$249.78 million and a price-to-earnings ratio of 3.62. The business has a 50-day moving average price of C$3.00 and a 200 day moving average price of C$2.71. The company has a debt-to-equity ratio of 50.28, a quick ratio of 1.13 and a current ratio of 1.30. Yangarra Resources has a 1 year low of C$1.03 and a 1 year high of C$4.07.

Insider Transactions at Yangarra Resources

In other news, Director Robert Weir sold 50,000 shares of the business's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of C$3.46, for a total transaction of C$173,000.00. Following the completion of the sale, the director now owns 319,646 shares of the company's stock, valued at C$1,105,975.16. In other Yangarra Resources news, Director Frederick Lee Morton acquired 28,000 shares of the company's stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average price of C$3.04 per share, with a total value of C$85,120.00. Following the purchase, the director now owns 294,600 shares in the company, valued at C$895,584. Also, Director Robert Weir sold 50,000 shares of the company's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of C$3.46, for a total transaction of C$173,000.00. Following the sale, the director now directly owns 319,646 shares of the company's stock, valued at approximately C$1,105,975.16. Insiders purchased 37,776 shares of company stock valued at $116,009 over the last 90 days.