FY2024 Earnings Forecast for Hemisphere Energy Co. (CVE:HME) Issued By Atb Cap Markets

Hemisphere Energy Co. (CVE:HME) – Investment analysts at Atb Cap Markets upped their FY2024 earnings per share estimates for shares of Hemisphere Energy in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings of $0.30 per share for the year, up from their prior forecast of $0.29. The consensus estimate for Hemisphere Energy’s current full-year earnings is $0.27 per share.

Separately, ATB Capital boosted 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 Stock Performance

Shares of Hemisphere Energy stock opened at C$1.74 on Tuesday. The business’s fifty day simple moving average is C$1.60 and its 200 day simple moving average is C$1.41. The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 5.60. Hemisphere Energy has a 12 month low of C$1.18 and a 12 month high of C$1.75. The firm 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.