The Materials sector company, Yangarra Resources (YGR), has received a rating update from a Wall Street analyst today. Analyst Jeremy Mccrea from Raymond James reiterated a Buy rating, with a C$6.50 price target.
According to TipRanks.com, Mccrea has currently no stars on a ranking scale of 0-5 stars, with an average return of -17.7% and a 24.3% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Currently, the analyst consensus on Yangarra Resources is a Strong Buy with an average price target of C$6.17, which is a 127.7% upside from current levels. In a report issued on January 30, AltaCorp Captial also reiterated a Buy rating on the stock with a C$6 price target.
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Yangarra Resources’ market cap is currently C$235.5M and has a P/E ratio of 10. The company has a Price to Book ratio of 0.98.
Yangarra Resources Ltd. is a junior oil and gas company. It engages in the exploration, development, and production of oil and natural gas. The company was founded in 1985 and is headquartered in Calgary, Canada.
The company’s shares closed on Wednesday at C$2.71, close to its 52-week low of C$2.17.
