Yangarra Resources Ltd. (YGR:CA) — ATB Cormark maintained its Outperform rating and raised its price target to C$2.20 from C$1.80. The target change represents a 22.2% increase. Yangarra released its second-quarter financial and operating results on July 30, providing an update on the company’s production and financial performance. Looking ahead, investors will be watching whether drilling productivity and production netbacks strengthen free cash flow, with oil and natural-gas prices, operating costs and debt reduction important to value creation.
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