Noble Financial Brokers Boost Earnings Estimates for CVE:HME

Hemisphere Energy Co. (CVE:HME - Free Report) - Stock analysts at Noble Financial raised their FY2025 earnings estimates for shares of Hemisphere Energy in a research report issued to clients and investors on Friday, May 23rd. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $0.44 per share for the year, up from their prior estimate of $0.41. The consensus estimate for Hemisphere Energy's current full-year earnings is $0.35 per share.

Hemisphere Energy Price Performance

CVE:HME remained flat at C$1.74 during mid-day trading on Monday. The company's stock had a trading volume of 59,226 shares, compared to its average volume of 105,021. The company has a 50 day moving average of C$1.74 and a two-hundred day moving average of C$1.80. Hemisphere Energy has a twelve month low of C$1.60 and a twelve month high of C$2.03. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.74 and a current ratio of 2.15. The company has a market cap of C$170.56 million, a price-to-earnings ratio of 5.81 and a beta of 1.95.

About Hemisphere Energy

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.