Journey Energy Inc (TSE:JOY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2.56 and last traded at C$2.50, with a volume of 23900 shares changing hands. The stock had previously closed at C$2.21.

A number of equities research analysts have recently issued reports on the stock. Eight Capital upped their target price on shares of Journey Energy from C$2.55 to C$3.15 in a report on Wednesday. Cormark set a C$3.00 target price on shares of Journey Energy in a report on Monday, January 28th.

The company has a debt-to-equity ratio of 225.76, a quick ratio of 0.44 and a current ratio of 0.59. The firm has a market cap of $127.14 million and a PE ratio of -3.10.

Journey Energy (TSE:JOY) last issued its earnings results on Monday, March 11th. The company reported C($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.31) by C$0.05. The firm had revenue of C$20.39 million during the quarter, compared to the consensus estimate of C$22.10 million. On average, equities analysts predict that Journey Energy Inc will post -0.2 EPS for the current year.

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Journey Energy Company Profile (TSE:JOY)

Journey Energy Inc engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. The company primarily holds interests in the Greater Countess area located adjacent to Brooks, Alberta; the Greater Crystal area located to the southwest of Edmonton, Alberta; and the Matziwin property to the north of Brooks, Alberta.

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