Journey Energy Inc. (TSE:JOY – Free Report) shares fell 9.4% in midday trading on Friday. The stock traded as low as C$2.41 and was last at C$2.41. 52,161 shares changed hands during midday trading, a 53% decline from the average session volume of 112,106 shares. The stock had previously closed at C$2.66.
Wall Street analysts predict growth
Several equities analysts have issued reports on the stock. Cormark increased their price target on shares of Journey Energy from C$6.00 to C$6.50 in a report on Thursday, May 9th. Ventum Cap Mkts upgraded shares of Journey Energy to a “strong buy” rating in a report on Tuesday, August 6th.
Check out our latest report on JOY
Travel Energy Price Performance
The company has a debt-to-equity ratio of 20.83, a debt-to-equity ratio of 0.95 and a current ratio of 0.67. The company’s 50-day moving average price is C$2.98 and its 200-day moving average price is C$3.36. The company has a market capitalization of C$149.08 million, a price-to-earnings ratio of 12.79, a PEG ratio of 0.01 and a beta of 3.51.
Journey Energy (TSE:JOY – Get Free Report) released its last earnings results on Thursday, May 9. The company reported earnings per share of C$0.05 for the quarter, beating the consensus estimate of C$0.03 by C$0.02. Journey Energy had a net margin of 6.92% and a return on equity of 4.01%. The company had revenue of C$52.10 million for the quarter. On average, equities analysts forecast that Journey Energy Inc. will post earnings per share of C$0.3452028 for the current fiscal year.
Insider activity
In related news, Director Reginald Stevenson Smith bought 30,000 shares of Journey Energy in a transaction that occurred on Tuesday, May 14. The shares were acquired at an average price of C$3.38 per share, for a total transaction of C$101,400.00. In related news, Director Reginald Stevenson Smith bought 30,000 shares of Journey Energy in a transaction that occurred on Tuesday, May 14. The shares were acquired at an average price of C$3.38 per share, for a total transaction of C$101,400.00. Also, Director Alexander G. Verge purchased 40,000 shares of the company’s stock in a transaction that occurred on Monday, June 10. The shares were acquired at an average price of C$3.15 per share, for a total transaction of C$126,000.00. In the last quarter, insiders bought 94,700 shares of the company valued at $301,500. Company insiders own 7.49% of the company’s shares.
Journey Energy Company Profile
(Get free report)
Journey Energy Inc. is engaged in the exploration, development and production of crude oil and natural gas in the Canadian province of Alberta. The company was formerly known as Sword Energy Inc. and changed its name to Journey Energy Inc. in July 2012. Journey Energy Inc. was founded in 2007 and is headquartered in Calgary, Canada.
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