Ventum Cap Mkts upgraded shares of Journey Energy (TSE:JOY – Free Report) to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports.
Separately, Cormark raised their price target on shares of Journey Energy from C$6.00 to C$6.50 in a research note on Thursday, May 9th.
Check Out Our Latest Analysis on JOY
Journey Energy Price Performance
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 (EPS) for the quarter, beating 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 business had revenue of C$52.10 million for the quarter. On average, research analysts expect that Journey Energy will post 0.3452028 earnings per share for the current year.
Insider Transactions at Journey Energy
In other Journey Energy news, Director Alexander G. Verge bought 40,000 shares of the business’s 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 bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of C$3.38 per share, with a total value of C$101,400.00. Also, Director Alexander G. Verge bought 40,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of C$3.15 per share, for a total transaction of C$126,000.00. In the last three months, insiders have purchased 94,700 shares of company stock worth $301,500. 7.49% of the stock is currently owned by 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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