Hemisphere Energy (CVE:HME) Shares Pass Above 50-Day Moving Average of $1.69

Shares of Hemisphere Energy Co. (CVE:HME) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.69 and traded as high as C$1.72. Hemisphere Energy shares last traded at C$1.71, with a volume of 84,754 shares trading hands.

Analysts Set New Price Targets

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

Hemisphere Energy Stock Up 4.1 %

The stock has a market capitalization of C$174.35 million, a P/E ratio of 7.42 and a beta of 2.08. The firm’s fifty day moving average is C$1.69 and its 200-day moving average is C$1.53. The company has a current ratio of 1.25, a quick ratio of 0.74 and a debt-to-equity ratio of 5.56.

Hemisphere Energy (CVE:HME) last posted its quarterly earnings data on Wednesday, May 29th. The company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.01. The firm had revenue of C$20.96 million during the quarter, compared to analysts’ expectations of C$19.90 million. Hemisphere Energy had a net margin of 35.74% and a return on equity of 42.36%. As a group, equities research analysts predict that Hemisphere Energy Co. will post 0.29806 earnings per share for the current year.

Hemisphere Energy Company Profile

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.