Journey Energy Inc. (TSE:JOY) Director Alexander G. Verge Acquires 19,700 Shares

Journey Energy Inc. (TSE:JOY) Director Alexander G. Verge purchased 19,700 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of C$3.00 per share, for a total transaction of C$59,100.00.

Alexander G. Verge also recently made the following trade(s):

• On Monday, June 10th, Alexander G. Verge acquired 40,000 shares of Journey Energy stock. The shares were acquired at an average cost of C$3.15 per share, with a total value of C$126,000.00.

Journey Energy Trading Down 1.6 %

Shares of Journey Energy stock opened at C$3.06 on Friday. The company has a debt-to-equity ratio of 20.83, a current ratio of 0.67 and a quick ratio of 0.95. The company has a market capitalization of C$187.73 million, a P/E ratio of 16.11, a P/E/G ratio of 0.01 and a beta of 3.51. Journey Energy Inc. has a 1 year low of C$2.91 and a 1 year high of C$6.11. The business has a 50 day moving average price of C$3.39 and a 200 day moving average price of C$3.53.

Journey Energy (TSE:JOY) last released its earnings results on Thursday, May 9th. The company reported C$0.05 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.02. Journey Energy had a net margin of 6.92% and a return on equity of 4.01%. The firm had revenue of C$52.10 million during the quarter. Sell-side analysts anticipate that Journey Energy Inc. will post 0.3452028 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JOY. Stifel Nicolaus lowered their target price on 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 objective on shares of Journey Energy from C$6.00 to C$6.50 in a research report on Thursday, May 9th.

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.