Insider Buying: Yangarra Resources Ltd (YGR) Director Buys 10,000 Shares of Stock

Yangarra Resources Ltd (TSE:YGR) Director James Grant Evaskevich purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was acquired at an average price of C$3.45 per share, with a total value of C$34,500.00. Following the completion of the transaction, the director now owns 2,527,118 shares of the company’s stock, valued at approximately C$8,718,557.10.

Shares of TSE YGR traded up C$0.11 during trading on Friday, hitting C$2.94. 141,300 shares of the company traded hands, compared to its average volume of 234,190. Yangarra Resources Ltd has a fifty-two week low of C$2.17 and a fifty-two week high of C$6.38. The firm has a market capitalization of $241.49 million and a P/E ratio of 7.54. The company has a current ratio of 0.60, a quick ratio of 0.51 and a debt-to-equity ratio of 52.67.

Yangarra Resources (TSE:YGR) last announced its quarterly earnings data on Thursday, March 7th. The oil and gas exploration company reported C$0.15 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.09. The company had revenue of C$30.17 million for the quarter, compared to analyst estimates of C$34.40 million. Equities research analysts forecast that Yangarra Resources Ltd will post 0.750000013066202 EPS for the current year.

YGR has been the topic of a number of research reports. Raymond James reaffirmed a “strong-buy” rating and set a C$6.50 target price on shares of Yangarra Resources in a research note on Thursday. CIBC reduced their price objective on shares of Yangarra Resources from C$4.50 to C$4.25 and set a “neutral” rating on the stock in a research note on Monday, March 11th. TD Securities boosted their price objective on shares of Yangarra Resources from C$5.00 to C$6.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. Finally, Canaccord Genuity reduced their price objective on shares of Yangarra Resources from C$6.00 to C$5.50 in a research note on Thursday.

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About Yangarra Resources

Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company holds oil and gas interests in various sections, primarily focusing on Cardium in Central Alberta. Yangarra Resources Ltd. is headquartered in Calgary, Canada.

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Insider Buying and Selling by Quarter for Yangarra Resources (TSE:YGR)

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