CVE:HME FY2025 EPS Forecast Increased by Noble Financial

Key Points

• Noble Financial raised its FY2025 earnings estimate for Hemisphere Energy Co. to $0.30 per share, up from $0.28, although the current consensus estimate is $0.35 per share.
• Hemisphere Energy recently announced a special dividend of $0.03 per share, with a current dividend payout ratio of 33.36%.
• The company's stock opened at C$1.94, having a market capitalization of C$190.16 million and a PE ratio of 6.47.

Hemisphere Energy Co. (CVE:HME - Free Report) - Noble Financial lifted their FY2025 earnings per share estimates for Hemisphere Energy in a note issued to investors on Tuesday, August 19th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings per share of $0.30 for the year, up from their prior estimate of $0.28. The consensus estimate for Hemisphere Energy's current full-year earnings is $0.35 per share.

Hemisphere Energy Stock Performance

Shares of CVE:HME remained flat at C$1.97 during trading on Thursday. The stock had a trading volume of 42,665 shares, compared to its average volume of 93,364. Hemisphere Energy has a fifty-two week low of C$1.63 and a fifty-two week high of C$2.03. The company has a current ratio of 2.15, a quick ratio of 0.74 and a debt-to-equity ratio of 5.65. The firm has a market cap of C$193.10 million, a P/E ratio of 6.57 and a beta of 1.95. The firm has a 50 day simple moving average of C$1.91 and a 200-day simple moving average of C$1.83.

Hemisphere Energy Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, August 15th. Stockholders of record on Saturday, January 1st were issued a dividend of $0.03 per share. Hemisphere Energy's dividend payout ratio (DPR) is presently 33.36%.

Hemisphere Energy Company Profile

Hemisphere Energy Corporation acquires, explores, 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. The company was formerly known as Northern Hemisphere Development Corp. and changed its name to Hemisphere Energy Corporation in April 2009.