Q1 2024 EPS Estimates for Hemisphere Energy Co. (CVE:HME) Cut by Noble Financial

Hemisphere Energy Co. (CVE:HME) – Research analysts at Noble Financial lowered their Q1 2024 earnings per share (EPS) estimates for Hemisphere Energy in a research note issued to investors on Monday, April 22nd. Noble Financial analyst M. Heim now expects that the company will earn $0.05 per share for the quarter, down from their prior forecast 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 objective on Hemisphere Energy from C$1.80 to C$1.90 in a research note on Friday, April 19th.

Hemisphere Energy Stock Performance

CVE HME opened at C$1.73 on Wednesday. The firm has a market cap of C$171.86 million, a price-to-earnings ratio of 7.52 and a beta of 2.09. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 5.60. The business has a 50-day moving average price of C$1.61 and a 200-day moving average price of C$1.41. Hemisphere Energy has a twelve month low of C$1.18 and a twelve month 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.