Noble Financial Weighs in on Hemisphere Energy Co.’s Q1 2024 Earnings (CVE:HME)

Hemisphere Energy Co. (CVE:HME) – Investment analysts at Noble Financial lowered their Q1 2024 earnings estimates for Hemisphere Energy in a research note issued on Monday, April 22nd. Noble Financial analyst M. Heim now anticipates 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 upped 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 Trading Up 2.4 %

Shares of HME opened at C$1.74 on Wednesday. The firm has a market cap of C$172.85 million, a price-to-earnings ratio of 7.57 and a beta of 2.09. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.74 and a current ratio of 1.07. Hemisphere Energy has a fifty-two week low of C$1.18 and a fifty-two week high of C$1.74. The firm has a 50 day moving average price of C$1.60 and a 200-day moving average price of C$1.40.

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.