Journey Energy (TSE:JOY) Shares Down 3.3%

Journey Energy Inc. (TSE:JOYGet Rating) fell 3.3% during mid-day trading on Tuesday . The stock traded as low as C$4.89 and last traded at C$4.93. 97,237 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 531,372 shares. The stock had previously closed at C$5.10.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus boosted their price objective on shares of Journey Energy from C$7.50 to C$7.75 in a report on Monday, July 4th.

Journey Energy Price Performance

The company has a market cap of C$261.50 million and a P/E ratio of 1.87. The stock has a 50-day simple moving average of C$5.51 and a 200 day simple moving average of C$5.56. The company has a debt-to-equity ratio of 44.46, a quick ratio of 1.20 and a current ratio of 1.27.

Journey Energy (TSE:JOYGet Rating) last issued its earnings results on Thursday, July 28th. The company reported C$0.47 EPS for the quarter. The firm had revenue of C$67.93 million during the quarter. On average, equities analysts expect that Journey Energy Inc. will post -0.24 EPS for the current year.

Insider Transactions at Journey Energy

In other Journey Energy news, Director Alexander G. Verge bought 40,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were acquired at an average price of C$5.00 per share, with a total value of C$200,000.00. Following the completion of the purchase, the director now directly owns 2,468,776 shares in the company, valued at approximately C$12,343,880.

About Journey Energy

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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.

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