Journey Energy (TSE:JOY) Sets New 12-Month Low – Here’s Why

Journey Energy Inc. (TSE:JOY) shares reached a new 52-week low during trading on Friday . The company traded as low as C$2.04 and last traded at C$2.10, with a volume of 68454 shares trading hands. The stock had previously closed at C$2.17.

Analyst Ratings Changes

Separately, Ventum Cap Mkts raised Journey Energy to a “strong-buy” rating in a research note on Tuesday, August 6th.

Journey Energy Stock Performance

The stock has a market cap of C$127.61 million, a P/E ratio of 12.06, a PEG ratio of 0.01 and a beta of 3.41. The business has a 50 day moving average price of C$2.38 and a 200 day moving average price of C$2.87. The company has a quick ratio of 0.95, a current ratio of 0.68 and a debt-to-equity ratio of 20.04.

Journey Energy (TSE:JOY) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.04) earnings per share (EPS) for the quarter. Journey Energy had a return on equity of 3.85% and a net margin of 6.72%. The firm had revenue of C$50.53 million during the quarter. As a group, sell-side analysts expect that Journey Energy Inc. will post 0.2601215 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.