Journey Energy (TSE:JOY) Stock Price Passes Above Fifty Day Moving Average of $3.55

Journey Energy Inc. (TSE:JOY)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$3.55 and traded as high as C$3.94. Journey Energy shares last traded at C$3.91, with a volume of 47,816 shares traded.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered their target price on Journey Energy from C$5.50 to C$5.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th.

Journey Energy Trading Down 0.3 %

The business has a fifty day simple moving average of C$3.55 and a 200-day simple moving average of C$3.89. The firm has a market cap of C$239.88 million, a price-to-earnings ratio of 16.29, a PEG ratio of 0.01 and a beta of 3.63. The company has a debt-to-equity ratio of 19.71, a quick ratio of 0.95 and a current ratio of 0.44.

Journey Energy (TSE:JOY) last posted its earnings results on Tuesday, March 12th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.04). The business had revenue of C$55.91 million for the quarter. Journey Energy had a return on equity of 5.26% and a net margin of 8.46%. As a group, equities analysts forecast that Journey Energy Inc. will post 0.363189 earnings per share for the current fiscal year.

About Journey Energy

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.