Hemisphere Energy Co. (CVE:HME) to Post Q2 2024 Earnings of $0.07 Per Share, Noble Financial Forecasts

Hemisphere Energy Co. (CVE:HME) – Research analysts at Noble Financial lowered their Q2 2024 earnings per share estimates for shares of Hemisphere Energy in a research note issued to investors on Monday, April 22nd. Noble Financial analyst M. Heim now anticipates that the company will earn $0.07 per share for the quarter, down from their previous estimate 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 raised their price target on Hemisphere Energy from C$1.80 to C$1.90 in a research note on Friday, April 19th.

Hemisphere Energy Price Performance

HME opened at C$1.74 on Thursday. Hemisphere Energy has a fifty-two week low of C$1.18 and a fifty-two week high of C$1.75. The business has a 50-day moving average of C$1.60 and a 200-day moving average of C$1.41. The company has a debt-to-equity ratio of 5.60, a current ratio of 1.07 and a quick ratio of 0.74. The company has a market capitalization of C$172.85 million, a PE 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.