Journey Energy Inc. (TSE:JOY – Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$2.80 and last traded at C$2.82, with a volume of 82420 shares changing hands. The stock had previously closed at C$2.89.
Analyst Ratings Changes
Separately, Cormark upped their price target on shares of Journey Energy from C$6.00 to C$6.50 in a research note on Thursday, May 9th.
Check Out Our Latest Report on JOY
Journey Energy Stock Performance
Journey Energy (TSE:JOY – Get Free Report) last issued its quarterly earnings data 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 firm 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, analysts predict that Journey Energy Inc. will post 0.3452028 earnings per share for the current year.
Insider Activity at Journey Energy
In other Journey Energy news, Director Alexander G. Verge acquired 19,700 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average cost of C$3.00 per share, with a total value of C$59,100.00. In other Journey Energy news, Director Alexander G. Verge acquired 19,700 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average cost of C$3.00 per share, with a total value of C$59,100.00. Also, Director Reginald Stevenson Smith bought 30,000 shares of Journey Energy stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of C$3.38 per share, for a total transaction of C$101,400.00. In the last three months, insiders have acquired 94,700 shares of company stock valued at $301,500. Insiders own 7.49% of the company’s stock.
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.
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