Journey Energy (TSE:JOY) Shares Cross Above Fifty Day Moving Average of $3.55

Journey Energy Inc. (TSE:JOY) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$3.55 and traded as high as C$3.94. Journey Energy shares last traded at C$3.91, with a volume of 47,816 shares changing hands.

Wall Street Analysts Forecast Growth

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

Journey Energy Stock Down 0.3 %

The stock has a market cap of C$239.88 million, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.01 and a beta of 3.63. 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 company’s 50-day moving average price is C$3.55 and its 200 day moving average price is C$3.89.

Journey Energy (TSE:JOY) last announced its earnings results on Tuesday, March 12th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates 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. As a group, analysts forecast that Journey Energy Inc. will post 0.363189 EPS for the current fiscal year.

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.