Shares of Journey Energy Inc. (TSE:JOY – Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as C$2.62 and last traded at C$2.69, with a volume of 195167 shares trading hands. The stock had previously closed at C$2.92.
Analysts Set New Price Targets
Separately, Cormark raised their price target on Journey Energy from C$6.00 to C$6.50 in a report on Thursday, May 9th.
Get Our Latest Report on Journey Energy
Journey Energy Trading Down 8.9 %
Journey Energy (TSE:JOY – Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported C$0.05 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.02. Journey Energy had a return on equity of 4.01% and a net margin of 6.92%. The firm had revenue of C$52.10 million for the quarter. As a group, equities research analysts anticipate that Journey Energy Inc. will post 0.3452028 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Alexander G. Verge bought 40,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of C$3.15 per share, with a total value of C$126,000.00. In other Journey Energy news, Director Reginald Stevenson Smith acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average cost of C$3.38 per share, for a total transaction of C$101,400.00. Also, Director Alexander G. Verge purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of C$3.15 per share, with a total value of C$126,000.00. Insiders purchased 94,700 shares of company stock valued at $301,500 over the last 90 days. 7.49% of the stock is currently owned by company insiders.
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.
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