Equities Analysts Offer Predictions for Journey Energy Inc.’s Q2 2024 Earnings (TSE:JOY)

Journey Energy Inc. (TSE:JOYFree Report) – Equities research analysts at Echelon Wealth Partners lifted their Q2 2024 EPS estimates for Journey Energy in a report released on Monday, April 1st. Echelon Wealth Partners analyst A. Gill now anticipates that the company will earn $0.06 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Journey Energy’s current full-year earnings is $0.26 per share. Echelon Wealth Partners also issued estimates for Journey Energy’s FY2024 earnings at $0.27 EPS and FY2025 earnings at $0.39 EPS.

Separately, Stifel Nicolaus cut their price objective on shares of Journey Energy from C$5.50 to C$5.00 and set a “buy” rating for the company in a report on Wednesday, March 6th.

Read Our Latest Research Report on JOY

Journey Energy Stock Up 11.6 %

Shares of JOY traded up C$0.37 on Wednesday, reaching C$3.57. The company’s stock had a trading volume of 87,429 shares, compared to its average volume of 107,725. The company has a current ratio of 0.44, a quick ratio of 0.95 and a debt-to-equity ratio of 19.71. The stock has a market capitalization of C$219.02 million, a PE ratio of 13.33, a PEG ratio of 0.01 and a beta of 3.63. Journey Energy has a twelve month low of C$3.02 and a twelve month high of C$6.29. The firm has a fifty day moving average of C$3.50 and a 200-day moving average of C$4.10.

Journey Energy Company Profile

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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.

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