Atb Cap Markets Comments on Hemisphere Energy Co.’s FY2024 Earnings (CVE:HME)

Hemisphere Energy Co. (CVE:HME) – Equities researchers at Atb Cap Markets raised their FY2024 earnings per share (EPS) estimates for Hemisphere Energy in a report issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings of $0.30 per share for the year, up from their prior forecast of $0.29. The consensus estimate for Hemisphere Energy’s current full-year earnings is $0.27 per share.

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

Hemisphere Energy Price Performance

Hemisphere Energy stock opened at C$1.74 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 5.60. The firm has a market capitalization of C$172.85 million, a price-to-earnings ratio of 7.57 and a beta of 2.09. The company has a fifty day simple moving average of C$1.60 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.

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.