Journey Energy (TSE:JOY) Trading Down 9.4%

Journey Energy Inc. (TSE:JOY)’s stock price fell 9.4% on Friday . The company traded as low as C$2.41 and last traded at C$2.41. 52,161 shares were traded during trading, a decline of 53% from the average session volume of 112,106 shares. The stock had previously closed at C$2.66.

Analyst Ratings Changes

A number of research analysts have commented on JOY shares. Ventum Cap Mkts raised Journey Energy to a “strong-buy” rating in a research report on Tuesday. Cormark raised their target price on Journey Energy from C$6.00 to C$6.50 in a research note on Thursday, May 9th.

Journey Energy Stock Performance

The company has a debt-to-equity ratio of 20.83, a current ratio of 0.67 and a quick ratio of 0.95. The business has a 50 day moving average price of C$3.00 and a 200 day moving average price of C$3.37. The stock has a market capitalization of C$152.76 million, a PE ratio of 14.00, a PEG ratio of 0.01 and a beta of 3.51.

Journey Energy (TSE:JOY) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.05 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.02. The company had revenue of C$52.10 million during the quarter. Journey Energy had a return on equity of 4.01% and a net margin of 6.92%. As a group, equities research analysts expect that Journey Energy Inc. will post 0.3452028 earnings per share for the current year.

Insiders Place Their Bets

In other Journey Energy news, Director Alexander G. Verge purchased 19,700 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were bought at an average cost of C$3.00 per share, with a total value of C$59,100.00. In other news, Director Reginald Stevenson Smith bought 30,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of C$3.38 per share, for a total transaction of C$101,400.00. Also, Director Alexander G. Verge bought 19,700 shares of Journey Energy stock in a transaction on Wednesday, June 26th. The stock was acquired at an average price of C$3.00 per share, for a total transaction of C$59,100.00. Over the last ninety days, insiders have acquired 94,700 shares of company stock worth $301,500. Company insiders own 7.49% of the company’s stock.

Journey Energy Company Profile

Journey Energy Inc is involved in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. 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.