Journey Energy (TSE:JOY – Get Free Report) was upgraded by analysts at Ventum Cap Mkts to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.
Separately, Cormark lifted their target price on Journey Energy from C$6.00 to C$6.50 in a report on Thursday, May 9th.
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Journey Energy Stock Up 2.3 %
Journey Energy (TSE:JOY – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.05 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.02. The business had revenue of C$52.10 million during the quarter. Journey Energy had a return on equity of 4.01% and a net margin of 6.92%. On average, equities analysts anticipate that Journey Energy will post 0.3452028 EPS for the current fiscal year.
Insider Activity at Journey Energy
In other Journey Energy news, Director Reginald Stevenson Smith acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of C$3.38 per share, for a total transaction of C$101,400.00. In other Journey Energy news, Director Alexander G. Verge purchased 19,700 shares of the stock in a transaction dated Wednesday, June 26th. The stock was acquired at an average cost of C$3.00 per share, for a total transaction of C$59,100.00. Also, Director Reginald Stevenson Smith bought 30,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of C$3.38 per share, with a total value of C$101,400.00. Over the last ninety days, insiders purchased 94,700 shares of company stock worth $301,500. 7.49% of the stock is owned by corporate insiders.
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.
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