Journey Energy Inc. (TSE:JOY) Forecasted to Earn Q1 2024 Earnings of $0.06 Per Share

Journey Energy Inc. (TSE:JOY) – Research analysts at Echelon Wealth Partners upped their Q1 2024 EPS estimates for shares of Journey Energy in a report released on Wednesday, May 8th. Echelon Wealth Partners analyst A. Gill now expects that the company will post earnings per share of $0.06 for the quarter, up from their prior forecast of $0.03. The consensus estimate for Journey Energy’s current full-year earnings is $0.36 per share. Echelon Wealth Partners also issued estimates for Journey Energy’s Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.10 EPS, FY2024 earnings at $0.32 EPS, Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.41 EPS.

Several other brokerages also recently weighed in on JOY. Cormark increased their price target on Journey Energy from C$6.00 to C$6.50 in a report on Thursday. Stifel Nicolaus cut their price target 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.

Journey Energy Stock Up 3.1 %

Journey Energy stock opened at C$3.66 on Friday. The stock has a market capitalization of C$224.54 million, a price-to-earnings ratio of 15.25, a PEG ratio of 0.01 and a beta of 3.53. The company has a current ratio of 0.44, a quick ratio of 0.95 and a debt-to-equity ratio of 19.71. The stock has a 50 day moving average of C$3.55 and a two-hundred day moving average of C$3.81. Journey Energy has a twelve month low of C$3.02 and a twelve month high of C$6.22.

Journey Energy (TSE:JOY) last released its quarterly earnings results on Tuesday, March 12th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.04). The company had revenue of C$55.91 million for the quarter. Journey Energy had a return on equity of 5.26% and a net margin of 8.46%.

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.