AltaCorp Captial Sticks to Its Hold Rating for Journey Energy (JOY)


A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Analyst Thomas Matthews from AltaCorp Captial remains neutral on Journey Energy (JOY) and has a C$2.20 price target.

According to TipRanks.com, Matthews is a 1-star analyst with an average return of -0.1% and a 39.3% success rate. Matthews covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Bellatrix Exploration, and Obsidian Energy Ltd.

The word on The Street in general, suggests a Hold analyst consensus rating for Journey Energy with a C$2.30 average price target.

Journey Energy’s market cap is currently C$79.02M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.11.

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 Wednesday at C$2.05.

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