Q1 2024 EPS Estimates for Hemisphere Energy Co. Lowered by Analyst (CVE:HME)

Hemisphere Energy Co. (CVE:HME) – Stock analysts at Noble Financial reduced their Q1 2024 EPS estimates for shares of Hemisphere Energy in a research report issued on Monday, April 22nd. Noble Financial analyst M. Heim now expects that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.08. The consensus estimate for Hemisphere Energy’s current full-year earnings is $0.27 per share. Noble Financial also issued estimates for Hemisphere Energy’s FY2025 earnings at $0.20 EPS.

Separately, ATB Capital boosted their price target on shares of Hemisphere Energy from C$1.80 to C$1.90 in a report on Friday, April 19th.

Hemisphere Energy Price Performance

Shares of HME stock opened at C$1.74 on Wednesday. Hemisphere Energy has a 12-month low of C$1.18 and a 12-month high of C$1.75. The firm has a market capitalization of C$172.85 million, a price-to-earnings ratio of 7.57 and a beta of 2.09. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 5.60. The firm has a fifty day moving average of C$1.60 and a 200-day moving average of C$1.41.

About Hemisphere Energy

Hemisphere Energy Corporation acquires, explores for, develops, and produces petroleum and natural gas interests in Canada. It primarily owns a 100% interest in the Atlee Buffalo property located in southeastern Alberta; and Jenner property situated in southeastern Alberta. The company was formerly known as Northern Hemisphere Development Corp.