Journey Energy (TSE:JOY) Sets New 52-Week Low – Should You Sell?

Shares of Journey Energy Inc. (TSE:JOY) reached a new 52-week low on Friday . The stock traded as low as C$2.04 and last traded at C$2.10, with a volume of 68454 shares. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded shares of Journey Energy to a “strong-buy” rating in a research report on Tuesday, August 6th.

Journey Energy Trading Down 4.1 %

The stock has a market capitalization of C$127.61 million, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41. The business has a 50 day simple moving average of C$2.38 and a 200-day simple moving average of C$2.86. The company has a debt-to-equity ratio of 20.04, a quick ratio of 0.95 and a current ratio of 0.68.

Journey Energy (TSE:JOY) last announced its earnings results on Thursday, August 8th. The company reported C($0.04) earnings per share for the quarter. Journey Energy had a net margin of 6.72% and a return on equity of 3.85%. The firm had revenue of C$50.53 million for the quarter. On average, analysts predict that Journey Energy Inc. will post 0.2601215 EPS for the current year.

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.