FY2024 EPS Estimate for Journey Energy Lowered by Analyst

Journey Energy Inc. (TSE:JOY) – Equities research analysts at Ventum Cap Mkts dropped their FY2024 EPS estimates for Journey Energy in a research report issued on Wednesday, March 12th. Ventum Cap Mkts analyst A. Gill now expects that the company will post earnings per share of $0.08 for the year, down from their previous forecast of $0.11. The consensus estimate for Journey Energy’s current full-year earnings is $0.26 per share. Ventum Cap Mkts also issued estimates for Journey Energy’s Q4 2024 earnings at $0.05 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $0.09 EPS and FY2026 earnings at $0.22 EPS.

Journey Energy Stock Up 1.3 %

Shares of TSE JOY opened at C$1.55 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.65 and a debt-to-equity ratio of 19.07. Journey Energy has a 52 week low of C$1.42 and a 52 week high of C$4.08. The firm has a 50-day moving average price of C$1.94 and a 200 day moving average price of C$2.13. The stock has a market capitalization of C$102.96 million, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41.

Journey Energy Company Profile

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company’s principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.