Hemisphere Energy (CVE:HME) Stock Crosses Above 50 Day Moving Average of $1.33

Hemisphere Energy Co. (CVE:HME – Get Rating)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.33 and traded as high as C$1.36. Hemisphere Energy shares last traded at C$1.33, with a volume of 104,560 shares trading hands.

Analyst Upgrades and Downgrades

Separately, ATB Capital set a C$1.45 price target on shares of Hemisphere Energy and gave the company an “outperform” rating in a research note on Thursday, October 27th.

Hemisphere Energy Price Performance

The company’s 50 day moving average price is C$1.33 and its 200-day moving average price is C$1.46. The stock has a market cap of C$136.19 million and a P/E ratio of 6.05. The company has a quick ratio of 0.74, a current ratio of 0.89 and a debt-to-equity ratio of 8.12.

Hemisphere Energy (CVE:HME – Get Rating) last released its quarterly earnings results on Thursday, November 17th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.07 by C$0.02. The business had revenue of C$23.67 million for the quarter. As a group, sell-side analysts expect that Hemisphere Energy Co. will post 4.8900001 earnings per share for the current year.

Insider Activity

In other news, Director Frank Stephen Borowicz sold 46,500 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of C$1.37, for a total transaction of C$63,705.00. Following the completion of the sale, the director now directly owns 495,500 shares in the company, valued at C$678,835. Over the last 90 days, insiders sold 101,800 shares of company stock valued at $148,943.

About Hemisphere Energy

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Hemisphere Energy Corporation acquires, explores for, develops, and produces petroleum and natural gas interests in Canada. It primarily owns a 100% working interest in 9,440 net acres of land in the Atlee Buffalo property located in southeastern Alberta; and a land position of 7,009 net acres in the Jenner property situated in southeastern Alberta.