Brokers Offer Predictions for Journey Energy FY2024 Earnings

Journey Energy Inc. (TSE:JOY) – Equities research analysts at Ventum Cap Mkts upped their FY2024 EPS estimates for Journey Energy in a research report issued on Friday, November 8th. Ventum Cap Mkts analyst A. Gill now expects that the company will post earnings per share of $0.11 for the year, up from their previous forecast of $0.07. Ventum Cap Mkts currently 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 Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.12 EPS.

Journey Energy Trading Up 0.5 %

Shares of Journey Energy stock opened at C$2.07 on Monday. The company has a 50-day moving average of C$2.37 and a two-hundred day moving average of C$2.84. Journey Energy has a 12-month low of C$2.01 and a 12-month high of C$4.64. The company has a current ratio of 0.68, a quick ratio of 0.95 and a debt-to-equity ratio of 20.04. The stock has a market cap of C$126.99 million, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41.

Insider Buying and Selling

In other news, Director Reginald Stevenson Smith acquired 40,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average price of C$2.06 per share, with a total value of C$82,400.00. Insiders own 7.64% of the company’s stock.

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.