Journey Energy (TSE:JOY) Shares Pass Below 200-Day Moving Average of $3.63

Journey Energy Inc. (TSE:JOYGet Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.63 and traded as low as C$3.20. Journey Energy shares last traded at C$3.23, with a volume of 36,885 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JOY shares. Cormark boosted their target price on shares of Journey Energy from C$6.00 to C$6.50 in a research note on Thursday, May 9th. Stifel Nicolaus dropped their target price on shares of Journey Energy from C$5.50 to C$5.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th.

Read Our Latest Stock Report on JOY

Journey Energy Stock Up 0.6 %

The company has a market capitalization of C$198.16 million, a PE ratio of 17.00, a PEG ratio of 0.01 and a beta of 3.51. The company has a debt-to-equity ratio of 20.83, a quick ratio of 0.95 and a current ratio of 0.67. The stock’s 50 day moving average is C$3.58 and its 200 day moving average is C$3.63.

Journey Energy (TSE:JOYGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.05 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.02. The company had revenue of C$52.10 million for the quarter. Journey Energy had a net margin of 6.92% and a return on equity of 4.01%. On average, sell-side analysts anticipate that Journey Energy Inc. will post 0.3452028 EPS for the current fiscal year.

Insider Activity at Journey Energy

In other Journey Energy news, Director Reginald Stevenson Smith purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average cost of C$3.38 per share, for a total transaction of C$101,400.00. 7.49% of the stock is currently owned by corporate insiders.

Journey Energy Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Journey Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Journey Energy and related companies with MarketBeat.com's FREE daily email newsletter.