Journey Energy (TSE:JOY) Given New C$6.50 Price Target at Cormark

Journey Energy (TSE:JOY) had its price target boosted by investment analysts at Cormark from C$6.00 to C$6.50 in a report issued on Thursday, BayStreet.CA reports. Cormark’s price objective suggests a potential upside of 79.56% from the company’s previous close.

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

Journey Energy Stock Performance

Journey Energy stock traded up C$0.07 during midday trading on Thursday, hitting C$3.62. 54,258 shares of the company’s stock were exchanged, compared to its average volume of 113,519. The company has a debt-to-equity ratio of 19.71, a quick ratio of 0.95 and a current ratio of 0.44. The stock has a market cap of C$222.09 million, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 0.01 and a beta of 3.53. Journey Energy has a 12-month low of C$3.02 and a 12-month high of C$6.22. The firm’s 50 day simple moving average is C$3.55 and its 200 day simple moving average is C$3.81.

Journey Energy (TSE:JOY) last issued its quarterly earnings results on Tuesday, March 12th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.04). The company had revenue of C$55.91 million during the quarter. Journey Energy had a net margin of 8.46% and a return on equity of 5.26%. Equities research analysts predict that Journey Energy will post 0.3599202 EPS for the current 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.