Journey Energy Inc (TSE:JOY) Senior Officer Gerald Gilewicz sold 5,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of C$2.50, for a total value of C$12,500.00. Following the completion of the transaction, the insider now directly owns 219,515 shares in the company, valued at approximately C$548,787.50.
Shares of TSE JOY traded down C$0.10 during trading on Friday, hitting C$2.45. The company had a trading volume of 3,000 shares, compared to its average volume of 16,998. The company has a 50 day simple moving average of C$2.57. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 252.76. Journey Energy Inc has a 12 month low of C$1.31 and a 12 month high of C$3.09. The company has a market capitalization of $96.11 million and a price-to-earnings ratio of -2.94.
Journey Energy (TSE:JOY) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.13). The firm had revenue of C$28.50 million during the quarter, compared to analysts’ expectations of C$30.00 million. Equities analysts anticipate that Journey Energy Inc will post -0.1 EPS for the current fiscal year.
A number of research analysts have weighed in on JOY shares. Cormark increased their target price on OrganiGram from C$8.50 to C$10.50 and gave the company a “speculative buy” rating in a report on Wednesday, April 17th. GMP Securities reissued a “buy” rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Finally, Eight Capital increased their target price on Journey Energy from C$2.55 to C$3.15 in a report on Wednesday, April 17th.
Journey Energy Company Profile
Journey Energy Inc engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Its principal cash generating units comprise Matziwin, Skiff, and Gilby Duvernay properties. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012.
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