Journey Energy FY2024 EPS Estimate Cut by Ventum Cap Mkts

Journey Energy Inc. (TSE:JOY) – Investment analysts at Ventum Cap Mkts reduced their FY2024 earnings per share (EPS) estimates for Journey Energy in a research note issued on Wednesday, March 12th. Ventum Cap Mkts analyst A. Gill now anticipates that the company will post earnings of $0.08 per share for the year, down from their prior forecast of $0.11. The consensus estimate for Journey Energy’s current full-year earnings is $0.26 per share. Ventum Cap Mkts also issued estimates for Journey Energy’s Q4 2024 earnings at $0.05 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $0.09 EPS and FY2026 earnings at $0.22 EPS.

Journey Energy Price Performance

Shares of JOY stock opened at C$1.52 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.65 and a debt-to-equity ratio of 19.07. Journey Energy has a 12 month low of C$1.42 and a 12 month high of C$4.08. The firm has a market cap of C$100.97 million, a price-to-earnings ratio of 18.62, a PEG ratio of 0.01 and a beta of 3.41. The stock has a 50-day moving average price of C$1.93 and a 200 day moving average price of C$2.12.

About Journey Energy

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company’s principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.