Raymond James Financial, Inc. set a C$3.50 price target on Yangarra Resources Ltd. (TSE:YGR) in a report issued on Thursday. The firm currently has an outperform rating on the oil and gas exploration company’s stock.

Yangarra Resources (TSE:YGR) opened at 2.65 on Thursday. The stock has a market cap of $209.83 million and a P/E ratio of 18.66. Yangarra Resources has a 12 month low of $0.66 and a 12 month high of $2.85. The firm’s 50-day moving average price is $2.57 and its 200-day moving average price is $1.81.

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About Yangarra Resources

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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