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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (54043)	3/12/2019 9:37:51 AM
From: Goose94	Read Replies (1) of 203382

Yangarra Resources (YGR-T) CIBC World Markets analyst Scott Reid downgraded Yangarra Resources to "neutral" from "outperformer" with a share target of $4.25, down from $4.50. Analysts on average target the shares at $6.11. Mr. Reid says in a note: "Production appears to be tracking well below consensus estimates and guidance thus far. After nearly doubling production in 2018, declines are understandably elevated right now, and we need to gain a better understanding of where the dust settles before recommending YGR stock. With the stock trading in line with peers on strip pricing at 4.1 times 2020 estimated EV/DACF we are moving our rating to neutral." The Globe reported on June 22, 2018, that Laurentian Bank analyst Todd Kepler said he expected Yangarra to outperform its peers. He commenced coverage with a "buy" rating and $9 share target. The shares were then worth $5.39. The Globe reported on Nov. 9, 2018, that Canaccord Genuity analyst Anthony Petrucci said a recent pullback made Yangarra a buying opportunity. He boosted his rating to "buy" from "speculative buy." The shares were then worth $3.59.

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