Journey Energy (TSE:JOY) Price Target Increased to C$6.50 by Analysts at Cormark

Journey Energy (TSE:JOY - Free Report) had its target price increased by Cormark from C$6.00 to C$6.50 in a report issued on Thursday morning, BayStreet.CA reports.

Separately, 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 report on Wednesday, March 6th.

Journey Energy Stock Up 3.1 %

Shares of TSE:JOY traded up C$0.11 during trading on Thursday, reaching C$3.66. 62,058 shares of the stock were exchanged, compared to its average volume of 113,618. The company has a debt-to-equity ratio of 19.71, a current ratio of 0.44 and a quick ratio of 0.95. Journey Energy has a 1-year low of C$3.02 and a 1-year high of C$6.22. The stock has a fifty day moving average of C$3.55 and a two-hundred day moving average of C$3.81. The firm has a market cap of C$224.54 million, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.01 and a beta of 3.53.

Journey Energy (TSE:JOY - Get Free Report) last issued its earnings results on Tuesday, March 12th. The company reported C$0.05 earnings per share for the quarter, missing analysts' consensus estimates of C$0.09 by C($0.04). Journey Energy had a return on equity of 5.26% and a net margin of 8.46%. The firm had revenue of C$55.91 million for the quarter. Research analysts anticipate that Journey Energy will post 0.3599202 earnings per share for the current fiscal year.

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.