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

Hemisphere Energy Co. (CVE:HME - Free Report) - Noble Financial cut their Q1 2024 earnings per share estimates for Hemisphere Energy in a 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 prior forecast 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 lifted their target price on Hemisphere Energy from C$1.80 to C$1.90 in a research report on Friday, April 19th.

Hemisphere Energy Price Performance

CVE:HME remained flat at C$1.74 on Wednesday. 55,485 shares of the company's stock traded hands, compared to its average volume of 116,177. The business has a 50 day simple moving average of C$1.60 and a 200-day simple moving average of C$1.40. Hemisphere Energy has a 52-week low of C$1.18 and a 52-week high of C$1.75. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.74 and a current ratio of 1.07. The stock has a market capitalization of C$172.85 million, a P/E ratio of 7.57 and a beta of 2.09.

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.