Stifel Nicolaus Increases Journey Energy (TSE:JOY) Price Target to C$7.60

Journey Energy (TSE:JOY – Get Rating) had its price objective upped by Stifel Nicolaus from C$7.00 to C$7.60 in a research report issued on Monday, BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 41.26% from the stock’s previous close.

Separately, Stifel Firstegy reiterated a “buy” rating on shares of Journey Energy in a research note on Thursday, January 12th.

Journey Energy Stock Performance

Shares of JOY stock opened at C$5.38 on Monday. The stock has a market cap of C$283.64 million and a P/E ratio of 5.27. The company has a debt-to-equity ratio of 40.07, a current ratio of 1.00 and a quick ratio of 0.95. The company has a fifty day moving average price of C$5.38 and a two-hundred day moving average price of C$5.48. Journey Energy has a one year low of C$3.16 and a one year high of C$7.94.

Journey Energy (TSE:JOY – Get Rating) last announced its quarterly earnings results on Monday, October 31st. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$54.27 million during the quarter. As a group, equities analysts predict that Journey Energy will post -0.24 EPS for the current year.

Journey Energy Company Profile

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Journey Energy Inc engages 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.