Canadian oil and gas firm Journey Energy receives strong-buy rating from Ventum Capital Markets, target price raised to C$6.50.

Journey Energy, a Canadian oil and natural gas firm, has received a strong-buy rating from Ventum Capital Markets and had its target price raised to C$6.50 by Cormark. Despite a 31% increase in net loss in Q2 2024, insider stock purchases and Ventum's Q2 2024 EPS forecast of $0.00 contribute to the upgraded outlook. Journey Energy operates in Alberta, Canada, focusing on crude oil and natural gas development.

August 10, 2024
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