Q2 2024 Earnings Forecast for Hemisphere Energy Co. (CVE:HME) Issued By Noble Financial

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

Hemisphere Energy Price Performance

Shares of Hemisphere Energy stock opened at C$1.73 on Thursday. The stock has a 50-day simple moving average of C$1.62 and a 200-day simple moving average of C$1.41. Hemisphere Energy has a 52-week low of C$1.18 and a 52-week high of C$1.75. 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 firm has a market cap of C$171.86 million, a price-to-earnings ratio of 7.52 and a beta of 2.09.

Hemisphere Energy Company Profile

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.