Q1 2024 EPS Estimates for Journey Energy Inc. (TSE:JOY) Lifted by Echelon Wealth Partners

Journey Energy Inc. (TSE:JOYFree Report) – Investment analysts at Echelon Wealth Partners boosted their Q1 2024 earnings estimates for shares of Journey Energy in a report issued on Wednesday, May 8th. Echelon Wealth Partners analyst A. Gill now forecasts that the company will earn $0.06 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for Journey Energy’s current full-year earnings is $0.36 per share. Echelon Wealth Partners also issued estimates for Journey Energy’s Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.10 EPS, FY2024 earnings at $0.32 EPS, Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.41 EPS.

Journey Energy (TSE:JOYGet Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.04). The firm had revenue of C$55.91 million for the quarter. Journey Energy had a return on equity of 5.26% and a net margin of 8.46%.

Several other research analysts have also weighed in on the stock. 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 note on Wednesday, March 6th. Cormark upped their price target on shares of Journey Energy from C$6.00 to C$6.50 in a research note on Thursday.

View Our Latest Analysis on JOY

Journey Energy Trading Down 8.7 %

JOY opened at C$3.34 on Friday. The firm’s fifty day simple moving average is C$3.54 and its 200 day simple moving average is C$3.80. The company has a current ratio of 0.44, a quick ratio of 0.95 and a debt-to-equity ratio of 19.71. Journey Energy has a 12 month low of C$3.02 and a 12 month high of C$6.22. The stock has a market capitalization of C$204.91 million, a P/E ratio of 13.92, a P/E/G ratio of 0.01 and a beta of 3.53.

About Journey Energy

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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.

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Earnings History and Estimates for Journey Energy (TSE:JOY)

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