Journey Energy Inc (TSE:JOY) Senior Officer Sells C$12,500.00 in Stock

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Journey Energy Inc (TSE:JOY) Senior Officer Gerald Gilewicz sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$2.50, for a total value of C$12,500.00. Following the sale, the insider now owns 219,515 shares in the company, valued at approximately C$548,787.50.

Shares of TSE:JOY opened at C$2.47 on Wednesday. Journey Energy Inc has a one year low of C$1.31 and a one year high of C$3.09. The firm’s fifty day moving average is C$2.55. The firm has a market cap of $96.11 million and a P/E ratio of -2.96. The company has a debt-to-equity ratio of 252.76, a current ratio of 0.86 and a quick ratio of 0.77.

Journey Energy (TSE:JOY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.10) EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.13). The firm had revenue of C$28.50 million during the quarter, compared to the consensus estimate of C$30.00 million. As a group, research analysts expect that Journey Energy Inc will post -0.25 earnings per share for the current fiscal year.

Several brokerages have issued reports on JOY. Eight Capital upped their price objective on Journey Energy from C$2.55 to C$3.15 in a research note on Wednesday, April 17th. GMP Securities reaffirmed a “buy” rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Finally, Cormark upped their target price on OrganiGram from C$8.50 to C$10.50 and gave the company a “speculative buy” rating in a report on Wednesday, April 17th.

Journey Energy Company Profile

Journey Energy Inc engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Its principal cash generating units comprise Matziwin, Skiff, and Gilby Duvernay properties. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012.

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