Brokers Issue Forecasts for CVE:HME FY2024 Earnings

Hemisphere Energy Co. (CVE:HME) – Noble Financial boosted their FY2024 earnings per share (EPS) estimates for Hemisphere Energy in a report issued on Thursday, January 30th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $0.32 per share for the year, up from their prior estimate of $0.31. The consensus estimate for Hemisphere Energy’s current full-year earnings is $0.35 per share. Noble Financial also issued estimates for Hemisphere Energy’s Q4 2024 earnings at $0.06 EPS and FY2025 earnings at $0.37 EPS.

Hemisphere Energy Trading Up 1.1 %

Shares of HME opened at C$1.86 on Monday. The stock’s 50-day moving average price is C$1.84 and its 200 day moving average price is C$1.83. The company has a quick ratio of 0.74, a current ratio of 3.98 and a debt-to-equity ratio of 4.35. The firm has a market capitalization of C$182.76 million, a price-to-earnings ratio of 6.41 and a beta of 1.95. Hemisphere Energy has a 12-month low of C$1.29 and a 12-month high of C$2.03.

About Hemisphere Energy

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.