ATB Capital Raises Hemisphere Energy (CVE:HME) Price Target to C$1.90

Hemisphere Energy (CVE:HME - Get Free Report) had its target price upped by investment analysts at ATB Capital from C$1.80 to C$1.90 in a research note issued on Friday, BayStreet.CA reports. ATB Capital's price objective would suggest a potential upside of 9.20% from the stock's current price.

Hemisphere Energy Price Performance

Hemisphere Energy stock traded up C$0.04 on Friday, reaching C$1.74. The company's stock had a trading volume of 301,829 shares, compared to its average volume of 117,700. 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 company has a market cap of C$172.85 million, a price-to-earnings ratio of 7.57 and a beta of 2.09. The business's fifty day moving average price is C$1.57 and its 200 day moving average price is C$1.39. Hemisphere Energy has a twelve month low of C$1.18 and a twelve month high of C$1.74.

Insider Buying and Selling at Hemisphere Energy

In other Hemisphere Energy news, Senior Officer Andrew John Arthur purchased 30,000 shares of the stock in a transaction on Monday, January 22nd. The stock was bought at an average cost of C$1.25 per share, for a total transaction of C$37,500.00. Insiders own 7.15% of the company's stock.

Hemisphere Energy Company Profile

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.