Gerald Gilewicz Sells 5,000 Shares of Journey Energy Inc (TSE:JOY) Stock

Journey Energy Inc (TSE:JOY) Senior Officer Gerald Gilewicz sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$2.50, for a total value of C$12,500.00. Following the transaction, the insider now owns 219,515 shares of the company’s stock, valued at approximately C$548,787.50.

TSE JOY opened at C$2.45 on Tuesday. Journey Energy Inc has a 12 month low of C$1.31 and a 12 month high of C$3.09. The stock has a market capitalization of $96.11 million and a PE ratio of -2.94. The business has a fifty day moving average of C$2.56. The company has a debt-to-equity ratio of 252.76, a quick ratio of 0.77 and a current ratio of 0.86.

Journey Energy (TSE:JOY) last released its quarterly earnings data on Tuesday, May 7th. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.13). The company had revenue of C$28.50 million during the quarter, compared to the consensus estimate of C$30.00 million. As a group, equities research analysts expect that Journey Energy Inc will post -0.1 earnings per share for the current year.

JOY has been the subject of a number of research reports. Eight Capital increased their price objective on Journey Energy from C$2.55 to C$3.15 in a report on Wednesday, April 17th. Cormark increased their price objective on OrganiGram from C$8.50 to C$10.50 and gave the stock a “speculative buy” rating in a report on Wednesday, April 17th. Finally, GMP Securities reiterated a “buy” rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th.

Journey Energy Company Profile

Journey Energy Inc engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Its principal cash generating units comprise Matziwin, Skiff, and Gilby Duvernay properties. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012.

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