Journey Energy Inc (TSE:JOY)
TSX:JOY
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Journey Energy
(TSX:JOY)
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Rating:70Outperform
Price Target:
C$5.00
▲(64.47% Upside)
Action:Upgraded
Date:05/09/26
Overall score reflects a strong balance sheet and attractive low P/E, supported by a solid uptrend technically. The main offsets are weakening top-line performance and, most importantly, negative recent free cash flow despite positive operating cash flow, which reduces confidence in near-term cash generation.
Positive Factors
Low Leverage / Strong Balance Sheet
Very low leverage and declining debt provide durable financial resilience in a cyclical E&P industry. This reduces refinancing and liquidity risk, preserves capacity for opportunistic acquisitions or capex, and supports solvency through commodity downturns over the next several quarters.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow signals the company is not consistently converting operating cash into surplus after capex. That constrains capacity to self-fund growth, dividends, or acquisitions without external financing and raises medium-term liquidity reliance.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Very low leverage and declining debt provide durable financial resilience in a cyclical E&P industry. This reduces refinancing and liquidity risk, preserves capacity for opportunistic acquisitions or capex, and supports solvency through commodity downturns over the next several quarters.
Read all positive factors
Journey Energy (JOY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$312.44M
Dividend YieldN/A
Average Volume (3M)106.55K
Price to Earnings (P/E)25.5
Beta (1Y)0.71
Revenue Growth-2.78%
EPS Growth29.00%
CountryCA
Employees36
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.18
Shares Outstanding67,481,000
10 Day Avg. Volume155,090
30 Day Avg. Volume106,546
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.60
Price to Sales (P/S)1.24
P/FCF Ratio-41.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.57
Revenue Forecast (FY)C$220.00M
Journey Energy Business Overview & Revenue Model
Company Description
Journey Energy Inc. is an energy company primarily focused on the exploration, development, and extraction of crude oil and natural gas within the province of Alberta, Canada. Formerly known as Sword Energy Inc., the organization officially adopte...
How the Company Makes Money
Journey Energy makes money primarily by producing and selling crude oil, natural gas, and natural gas liquids (NGLs) from its operated and non-operated properties. Revenue is generated based on realized commodity prices and sales volumes delivered...
Journey Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 173.38M | 171.65M | 204.04M | 186.92M | 235.58M | 123.84M |
| Gross Profit | 68.36M | 38.40M | 127.41M | 38.90M | 159.71M | 81.99M |
| EBITDA | 60.03M | 74.66M | 53.85M | 67.86M | 103.45M | 46.74M |
| Net Income | 12.35M | 25.92M | 5.14M | 15.82M | 155.20M | 99.13M |
Balance Sheet | ||||||
| Total Assets | 588.25M | 576.13M | 585.38M | 610.14M | 639.20M | 357.21M |
| Cash, Cash Equivalents and Short-Term Investments | 8.00K | 1.54M | 8.21M | 17.71M | 31.40M | 15.36M |
| Total Debt | 51.61M | 50.80M | 54.64M | 62.37M | 110.37M | 65.07M |
| Total Liabilities | 237.97M | 221.38M | 258.84M | 293.72M | 354.52M | 272.94M |
| Stockholders Equity | 350.29M | 354.76M | 326.53M | 316.41M | 284.68M | 84.28M |
Cash Flow | ||||||
| Free Cash Flow | -9.28M | -5.13M | -7.11M | 20.25M | 4.89M | 36.16M |
| Operating Cash Flow | 51.01M | 50.30M | 35.62M | 66.64M | 106.62M | 40.93M |
| Investing Cash Flow | -59.08M | -50.79M | -38.78M | -42.04M | -102.20M | -6.75M |
| Financing Cash Flow | 1.18M | -6.19M | -6.35M | -38.29M | 11.62M | -25.41M |
Journey Energy Technical Analysis
Negative
3.04
Price Trends
5.61
Negative
5.03
Negative
4.24
Positive
Market Momentum
-0.28
Positive
29.43
Positive
9.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:JOY, the sentiment is Negative. The current price of 3.04 is below the 20-day moving average (MA) of 5.50, below the 50-day MA of 5.61, and below the 200-day MA of 4.24, indicating a neutral trend. The MACD of -0.28 indicates Positive momentum. The RSI at 29.43 is Positive, neither overbought nor oversold. The STOCH value of 9.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:JOY.
Journey Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | C$243.52M | 8.93 | 33.26% | 8.04% | -9.76% | -21.70% | |
70 Outperform | C$312.44M | 25.47 | 3.55% | ― | -2.78% | 29.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | C$312.62M | 38.22 | 2.51% | ― | 17.24% | -88.10% | |
56 Neutral | C$214.25M | -8.86 | -4.63% | ― | -11.05% | -1520.04% | |
49 Neutral | C$211.69M | -19.27 | -31.31% | 3.16% | -10.58% | 43.44% | |
48 Neutral | C$427.66M | -10.49 | -10.86% | 12.70% | 119.35% | -533.65% |
* Energy Sector Average
TSE:JOY
Journey Energy
4.63
2.59
126.96%
TSE:PNE
Pine Cliff Energy
0.59
-0.04
-5.75%
TSE:HME
Hemisphere Energy
2.58
0.85
49.05%
TSE:IPO
InPlay Oil Corp.
16.59
7.45
81.51%
TSE:BNE
Bonterra Energy
5.94
2.23
60.11%
TSE:RBY
Rubellite Energy Inc
3.34
1.39
71.28%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.