Journey Energy (OTCMKTS:JRNGF) Price Target Raised to C$2.50

Journey Energy (OTCMKTS:JRNGF) had its target price upped by research analysts at Stifel Nicolaus from C$2.25 to C$2.50 in a report released on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the stock.

Shares of Journey Energy stock opened at $1.06 on Thursday. The stock has a 50-day moving average price of $1.02 and a 200 day moving average price of $0.88. Journey Energy has a 1 year low of $0.09 and a 1 year high of $1.35.

Journey Energy Company Profile

Journey Energy, Inc engages in the exploration, development, and production of crude oil and natural gas. Its activities include drilling on its existing core lands, implementing water flood projects, and executing on accretive acquisitions. The company was founded on June 26, 2007 and is headquartered in Calgary, Canada.

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