Journey Energy Inc (TSE:JOY) was downgraded by research analysts at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a report issued on Friday.

Shares of Journey Energy (JOY) opened at 1.87 on Friday. Journey Energy has a 12-month low of $1.66 and a 12-month high of $3.30. The firm has a market cap of $95.21 million and a price-to-earnings ratio of 1.33. The firm has a 50-day moving average price of $1.87 and a 200 day moving average price of $2.43.

WARNING: This piece was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/12/journey-energy-inc-joy-cut-to-sector-perform-at-altacorp-capital.html.

In related news, Director Alexander G. Verge bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of C$2.43 per share, for a total transaction of C$121,500.00. Also, Director Alexander G. Verge bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was bought at an average price of C$1.90 per share, for a total transaction of C$47,500.00. Insiders purchased a total of 92,700 shares of company stock worth $203,836 over the last 90 days.

Journey Energy Company Profile

Receive News & Ratings for Journey Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Journey Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.