Journey Energy Stock Today
| JOY Stock | CAD 3.56 0.05 1.39% |
Performance0 of 100
| Odds Of DistressLess than 36
|
Journey Energy is selling at 3.56 as of the 23rd of April 2024; that is -1.39% down since the beginning of the trading day. The stock's open price was 3.61. Journey Energy has about a 36 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Journey Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Energy |
Journey Energy Inc. engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Journey Energy Inc. was founded in 2007 and is headquartered in Calgary, Canada. JOURNEY ENERGY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. The company has 61.35 M outstanding shares of which 2.43 M shares are currently shorted by private and institutional investors with about 12.33 days to cover all short positions. More on Journey Energy
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Journey Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Journey Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Journey Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | Alex Verge | ||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
Journey Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Journey Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Journey Energy's financial leverage. It provides some insight into what part of Journey Energy's total assets is financed by creditors.
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Journey Energy (JOY) is traded on Toronto Exchange in Canada and employs 21 people. Journey Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 218.41 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Journey Energy's market, we take the total number of its shares issued and multiply it by Journey Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Journey Energy operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 61.35 M outstanding shares of which 2.43 M shares are currently shorted by private and institutional investors with about 12.33 days to cover all short positions.
Journey Energy has accumulated about 335 K in cash with 66.64 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
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Ownership AllocationJourney Energy has a total of 61.35 Million outstanding shares. Journey Energy retains 7.42 (percent) of its outstanding shares held by insiders and 15.75 (percent) owned by outside corporations. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Journey Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Journey Energy jumping above the current price in 90 days from now is about 46.38%. The Journey Energy probability density function shows the probability of Journey Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Journey Energy has a beta of 0.8627. This indicates Journey Energy market returns are highly reactive to returns on the market. As the market goes up or down, Journey Energy is expected to follow. Additionally, journey Energy has an alpha of 0.0137, implying that it can generate a 0.0137 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Journey Energy to move above the current price in 90 days from now is about 46.38 (This Journey Energy probability density function shows the probability of Journey Stock to fall within a particular range of prices over 90 days) .
Journey Energy Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Journey Energy market risk premium is the additional return an investor will receive from holding Journey Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Journey Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Journey Energy's alpha and beta are two of the key measurements used to evaluate Journey Energy's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.4 | |||
| Semi Deviation | 2.5 | |||
| Standard Deviation | 3.22 | |||
| Variance | 10.38 |
Journey Stock Against Markets
Picking the right benchmark for Journey Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Journey Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Journey Energy is critical whether you are bullish or bearish towards Journey Energy at a given time. Please also check how Journey Energy's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Journey Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Journey Energy Corporate Directors
Journey Energy corporate directors refer to members of a Journey Energy board of directors. The board of directors generally takes responsibility for the Journey Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Journey Energy's board members must vote for the resolution. The Journey Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Dana Laustsen | Independent Director | Profile | |
| Marc Drouin | Director | Profile | |
| Ruilin Zhang | Director | Profile | |
| Stephen Mulherin | Lead Independent Director | Profile |
How to buy Journey Stock?
Before investing in Journey Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Journey Energy. To buy Journey Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Journey Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Journey Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Journey Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Journey Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Journey Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Journey Energy?
The danger of trading Journey Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Journey Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Journey Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Journey Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Journey Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Journey Stock analysis
When running Journey Energy's price analysis, check to measure Journey Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Journey Energy is operating at the current time. Most of Journey Energy's value examination focuses on studying past and present price action to predict the probability of Journey Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Journey Energy's price. Additionally, you may evaluate how the addition of Journey Energy to your portfolios can decrease your overall portfolio volatility.
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