Journey Energy Inc. (TSE:JOY) to Post FY2024 Earnings of $0.06 Per Share, Ventum Cap Mkts Forecasts

Journey Energy Inc. (TSE:JOY) – Equities research analysts at Ventum Cap Mkts decreased their FY2024 earnings estimates for shares of Journey Energy in a research note issued on Friday, October 11th. Ventum Cap Mkts analyst A. Gill now expects that the company will earn $0.06 per share for the year, down from their prior estimate of $0.12. Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for Journey Energy’s current full-year earnings is $0.26 per share. Ventum Cap Mkts also issued estimates for Journey Energy’s Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.07 EPS and Q4 2025 earnings at $0.09 EPS.

Journey Energy Price Performance

Journey Energy stock opened at C$2.57 on Monday. Journey Energy has a 12-month low of C$2.11 and a 12-month high of C$5.47. The stock has a market capitalization of C$157.67 million, a P/E ratio of 14.28, a P/E/G ratio of 0.01 and a beta of 3.41. The firm’s 50-day moving average is C$2.51 and its two-hundred day moving average is C$3.04. The company has a debt-to-equity ratio of 20.04, a current ratio of 0.68 and a quick ratio of 0.95.

Journey Energy (TSE:JOY) last released its quarterly earnings results on Thursday, August 8th. The company reported C($0.04) earnings per share (EPS) for the quarter. Journey Energy had a return on equity of 3.85% and a net margin of 6.72%. The firm had revenue of C$50.53 million for the quarter.

Journey Energy Company Profile

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.