Hemisphere Energy Co. (CVE:HME) to Post FY2024 Earnings of $0.30 Per Share, Atb Cap Markets Forecasts

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

Separately, ATB Capital raised their price objective on 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 stock opened at C$1.74 on Tuesday. 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 company has a market cap of C$172.85 million, a PE ratio of 7.57 and a beta of 2.09. The stock’s fifty day moving average price is C$1.60 and its two-hundred day moving average price is 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.