Ventum Cap Mkts Analysts Lift Earnings Estimates for Journey Energy Inc. (TSE:JOY)

Journey Energy Inc. (TSE:JOY) – Research analysts at Ventum Cap Mkts upped their Q3 2024 EPS estimates for shares of Journey Energy in a report released on Friday, August 9th. Ventum Cap Mkts analyst A. Gill now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their previous estimate of $0.05. Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. The consensus estimate for Journey Energy’s current full-year earnings is $0.14 per share. Ventum Cap Mkts also issued estimates for Journey Energy’s Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.12 EPS and FY2025 earnings at $0.26 EPS.

Separately, Cormark increased their price target on Journey Energy from C$6.00 to C$6.50 in a research note on Thursday, May 9th.

Journey Energy Trading Up 3.0 %

Shares of TSE JOY opened at C$2.74 on Monday. The company’s 50 day simple moving average is C$2.97 and its 200 day simple moving average is C$3.35. The company has a debt-to-equity ratio of 20.03, a current ratio of 0.68 and a quick ratio of 0.95. Journey Energy has a fifty-two week low of C$2.32 and a fifty-two week high of C$5.88. The firm has a market capitalization of C$168.10 million, a P/E ratio of 15.22, a P/E/G ratio of 0.01 and a beta of 3.51.

Insider Buying and Selling at Journey Energy

In other news, Director Alexander G. Verge purchased 40,000 shares of Journey Energy stock in a transaction dated Monday, June 10th. The shares were bought at an average cost of C$3.15 per share, with a total value of C$126,000.00. Over the last 90 days, insiders bought 64,700 shares of company stock valued at $200,100. Corporate insiders own 7.60% of the company’s stock.

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.