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

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

Wall Street Analyst Weigh In

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

Journey Energy Stock Down 4.1 %

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

Journey Energy (TSE:JOY) last posted its earnings results on Thursday, August 8th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$50.53 million during the quarter. Journey Energy had a return on equity of 3.85% and a net margin of 6.72%. Equities research analysts predict that Journey Energy Inc. will post 0.2601215 earnings per share 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.