Insider Buying: Journey Energy Inc. (TSE:JOY) Director Buys 19,700 Shares of Stock

Journey Energy Inc. (TSE:JOY) Director Alexander G. Verge acquired 19,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average cost of C$3.00 per share, for a total transaction of C$59,100.00.

Alexander G. Verge also recently made the following trade(s):

• On Monday, June 10th, Alexander G. Verge purchased 40,000 shares of Journey Energy stock. The shares were acquired at an average price of C$3.15 per share, for a total transaction of C$126,000.00.

Journey Energy Stock Performance

Shares of TSE JOY opened at C$3.06 on Monday. The stock has a market cap of C$187.73 million, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.01 and a beta of 3.51. Journey Energy Inc. has a 1 year low of C$2.91 and a 1 year high of C$6.11. The firm has a fifty day moving average price of C$3.39 and a 200-day moving average price of C$3.53. The company has a debt-to-equity ratio of 20.83, a current ratio of 0.67 and a quick ratio of 0.95.

Journey Energy (TSE:JOY) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.02. Journey Energy had a return on equity of 4.01% and a net margin of 6.92%. The business had revenue of C$52.10 million during the quarter. Equities analysts anticipate that Journey Energy Inc. will post 0.3452028 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on JOY. Stifel Nicolaus decreased their target price on Journey Energy from C$5.50 to C$5.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Cormark lifted their price objective on Journey Energy from C$6.00 to C$6.50 in a research report on Thursday, May 9th.

About Journey Energy

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.