Insider Buying: Journey Energy Inc. (TSE:JOY) Director Buys C$59,100.00 in Stock

Journey Energy Inc. (TSE:JOY) Director Alexander G. Verge bought 19,700 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were purchased 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 Trading Down 1.6 %

TSE:JOY opened at C$3.06 on Monday. The firm’s 50 day moving average is C$3.39 and its 200 day moving average is C$3.53. Journey Energy Inc. has a 12 month low of C$2.91 and a 12 month high of C$6.11. The stock has a market capitalization 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. The company has a current ratio of 0.67, a quick ratio of 0.95 and a debt-to-equity ratio of 20.83.

Journey Energy (TSE:JOY) last issued its earnings results on Thursday, May 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.02. The firm had revenue of C$52.10 million for the quarter. Journey Energy had a return on equity of 4.01% and a net margin of 6.92%. Sell-side analysts expect that Journey Energy Inc. will post 0.3452028 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on JOY. Cormark upped their price objective on Journey Energy from C$6.00 to C$6.50 in a research note on Thursday, May 9th. Stifel Nicolaus decreased 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.

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.