Hemisphere Energy Co. (CVE:HME) Expected to Post Q2 2024 Earnings of $0.07 Per Share

Hemisphere Energy Co. (CVE:HME) – Noble Financial lowered their Q2 2024 earnings per share (EPS) estimates for Hemisphere Energy in a research report issued on Monday, April 22nd. Noble Financial analyst M. Heim now expects that the company will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.09. 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 Q3 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.24 EPS.

Separately, ATB Capital lifted their price target on Hemisphere Energy from C$1.80 to C$1.90 in a report on Friday, April 19th.

Hemisphere Energy Stock Performance

CVE:HME opened at C$1.73 on Thursday. The stock has a market cap of C$171.86 million, a P/E ratio of 7.52 and a beta of 2.09. The stock has a 50 day simple moving average of C$1.62 and a 200 day simple moving average of 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 1-year low of C$1.18 and a 1-year high of C$1.75.

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.