Journey Energy Receives a Hold from Canaccord Genuity

By Ryan Adsit

Journey Energy (TSX: JOY), the Materials sector company was revisited on July 10, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold on July 10 from Canaccord Genuity’s analyst Anthony Petrucci, with a C$1.80 price target.

Petrucci has an average return of 62.1% when recommending Journey Energy.

According to TipRanks.com, Petrucci is ranked #2313 out of 4842 analysts.

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Currently, the analyst consensus on Journey Energy is a Hold with an average price target of C$2.25.

Journey Energy’s market cap is currently C$64.37M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.79.

Journey Energy, Inc. is a Canadian exploration and production company focused on oil-weighted operations in western Canada. Its activities include drilling on its existing core lands, implementing water flood projects and executing on accretive acquisitions. The company was founded on June 26, 2007 and is headquartered in Alberta, Canada.

The company’s shares closed on Thursday at C$1.76.