Q1 2024 Earnings Forecast for Hemisphere Energy Co. (CVE:HME) Issued By Noble Financial

Hemisphere Energy Co. (CVE:HME) – Analysts at Noble Financial lowered their Q1 2024 earnings estimates for shares of Hemisphere Energy in a research report issued to clients and investors on Monday, April 22nd. Noble Financial analyst M. Heim now anticipates that the company will earn $0.05 per share for the quarter, down from their previous 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 increased their price objective on shares of Hemisphere Energy from C$1.80 to C$1.90 in a report on Friday, April 19th.

Hemisphere Energy Trading Down 0.6 %

Shares of Hemisphere Energy stock opened at C$1.73 on Wednesday. The firm has a market capitalization of C$171.86 million, a PE ratio of 7.52 and a beta of 2.09. Hemisphere Energy has a twelve month low of C$1.18 and a twelve month high of C$1.75. The firm’s 50-day moving average price is C$1.61 and its 200 day moving average price is 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.

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.