Journey Energy Inc. (TSE:JOY) Director Alexander G. Verge Purchases 40,000 Shares

Journey Energy Inc. (TSE:JOYGet Rating) Director Alexander G. Verge acquired 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost of C$5.00 per share, for a total transaction of C$200,000.00. Following the completion of the acquisition, the director now owns 2,468,776 shares in the company, valued at approximately C$12,343,880.

Journey Energy Trading Up 7.1 %

Journey Energy stock traded up C$0.35 during trading hours on Friday, reaching C$5.25. The company had a trading volume of 396,092 shares, compared to its average volume of 556,990. The company has a debt-to-equity ratio of 44.46, a current ratio of 1.27 and a quick ratio of 1.20. The company has a 50-day moving average price of C$5.49 and a 200 day moving average price of C$5.08. The firm has a market cap of C$276.79 million and a price-to-earnings ratio of 2.55. Journey Energy Inc. has a 12-month low of C$1.06 and a 12-month high of C$7.94.

Journey Energy (TSE:JOYGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.10. The company had revenue of C$45.86 million during the quarter. Equities analysts forecast that Journey Energy Inc. will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Journey Energy from C$7.50 to C$7.75 in a report on Monday, July 4th. Stifel Firstegy raised Journey Energy from a “hold” rating to a “buy” rating in a report on Tuesday, May 10th.

Journey Energy Company Profile

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Journey Energy Inc engages 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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