Yangarra Resources (TSE:YGR) Share price down 5.4%

The shares of Yangarra Resources Ltd. (TSE:YGR – Get Rating) fell 5.4% in Wednesday’s trading. The stock traded as low as C$2.64 and last traded at C$2.65. Approximately 98,300 shares were traded during trading, down 81% from the average daily volume of 507,034 shares. The stock had previously closed at C$2.80.

A number of research analysts have recently released reports on the stock. Cormark raised its price target on shares of Yangarra Resources from C$3.50 to C$4.50 and gave the company a “buy” rating in a Monday, March 21 research report. National Bankshares lowered its price target on shares of Yangarra Resources from C$3.50 to C$2.50 in a Thursday, April 14 report. Finally, Raymond James raised his price target 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.

The company has a 50-day moving average price of C$3.22 and a 200-day moving average price of C$2.54. The company has a quick ratio of 1.13, a current ratio of 1.30 and a leverage ratio of 50.28. The company has a market capitalization of C$229.35 million and a price-to-earnings ratio of 3.88.

Yangarra Resources (TSE:YGR – Get Rating) last announced its quarterly results on Wednesday, April 27. The oil and gas exploration company reported EPS of C$0.25 for the quarter. The company reported revenue of C$51.43 million for the quarter. On average, sell-side analysts expect Yangarra Resources Ltd. will show an EPS of 0.18 for the current fiscal year.

Separately, director Frederick Lee Morton acquired 28,000 shares of the company in a transaction on Monday, May 16. The shares were purchased at an average cost of CA$3.04 per share, for a total value of CA$85,120.00. Following the acquisition, the director now directly owns 294,600 shares of the company, valued at C$895,584. Additionally, director Robert Weir sold 50,000 shares of the company in a trade on Thursday, May 26. The stock was sold at an average price of CA$3.46, for a total transaction of CA$173,000.00. Following the completion of the sale, the administrator now owns 319,646 shares of the company, valued at approximately C$1,105,975.16. Insiders purchased a total of 37,776 shares of the company worth $116,009 over the past 90 days.

About Yangarra Resources (TSE:YGR)

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

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