Journey Energy (TSE:JOY) Share Price Passes Below Two Hundred Day Moving Average of $3.97

Journey Energy Inc. (TSE:JOY)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.97 and traded as low as C$3.52. Journey Energy shares last traded at C$3.56, with a volume of 55,552 shares traded.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their target price on shares of Journey Energy from C$5.50 to C$5.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th.

Journey Energy Stock Performance

The company’s 50-day moving average price is C$3.52 and its 200 day moving average price is C$3.97. The company has a debt-to-equity ratio of 19.71, a quick ratio of 0.95 and a current ratio of 0.44. The stock has a market capitalization of C$218.41 million, a PE ratio of 14.83, a PEG ratio of 0.01 and a beta of 3.63.

Journey Energy (TSE:JOY) last posted its earnings results on Tuesday, March 12th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.04). Journey Energy had a return on equity of 5.26% and a net margin of 8.46%. The company had revenue of C$55.91 million during the quarter. On average, equities research analysts expect that Journey Energy Inc. will post 0.363189 earnings per share for the current fiscal year.

About Journey Energy

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.