Hemisphere Energy Co. (CVE:HME) Forecasted to Post Q3 2024 Earnings of $0.07 Per Share

Hemisphere Energy Co. (CVE:HMEFree Report) – Research analysts at Atb Cap Markets decreased their Q3 2024 earnings per share estimates for Hemisphere Energy in a research report issued on Wednesday, May 29th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.07 per share for the quarter, down from their previous estimate of $0.08. The consensus estimate for Hemisphere Energy’s current full-year earnings is $0.30 per share. Atb Cap Markets also issued estimates for Hemisphere Energy’s FY2024 earnings at $0.29 EPS.

Separately, ATB Capital lifted their price target on Hemisphere Energy from C$1.80 to C$1.90 in a research report on Friday, April 19th.

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Hemisphere Energy Trading Up 1.2 %

Shares of HME stock opened at C$1.67 on Monday. The stock has a market capitalization of C$163.58 million, a price-to-earnings ratio of 6.96 and a beta of 2.08. Hemisphere Energy has a 12-month low of C$1.18 and a 12-month high of C$1.75. The company has a current ratio of 1.25, a quick ratio of 0.74 and a debt-to-equity ratio of 5.56. The stock’s 50-day moving average price is C$1.69 and its 200-day moving average price is C$1.48.

Hemisphere Energy (CVE:HMEGet Free Report) last issued its earnings results on Thursday, April 18th. The company reported C$0.04 earnings per share (EPS) for the quarter. Hemisphere Energy had a return on equity of 42.36% and a net margin of 35.74%. The firm had revenue of C$22.42 million for the quarter.

About Hemisphere Energy

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Hemisphere Energy Corporation acquires, explores, 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. The company was formerly known as Northern Hemisphere Development Corp. and changed its name to Hemisphere Energy Corporation in April 2009.

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Earnings History and Estimates for Hemisphere Energy (CVE:HME)

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