Hemisphere Energy Co. (CVE:HME) Senior Officer Andrew John Arthur Acquires 11,500 Shares

Hemisphere Energy Co. (CVE:HME) Senior Officer Andrew John Arthur bought 11,500 shares of the stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of C$1.85 per share, with a total value of C$21,245.10.

Hemisphere Energy Trading Down 0.5 %

Shares of CVE HME opened at C$1.86 on Thursday. Hemisphere Energy Co. has a 1 year low of C$1.23 and a 1 year high of C$2.03. The company has a debt-to-equity ratio of 4.35, a current ratio of 3.98 and a quick ratio of 0.74. The firm has a 50-day moving average of C$1.84 and a 200 day moving average of C$1.76. The stock has a market cap of C$182.76 million, a P/E ratio of 6.41 and a beta of 1.95.

Hemisphere Energy (CVE:HME) last released its earnings results on Tuesday, August 20th. The company reported C$0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.10. Hemisphere Energy had a net margin of 38.45% and a return on equity of 45.52%. The firm had revenue of C$22.68 million during the quarter, compared to analyst estimates of C$26.84 million. As a group, sell-side analysts expect that Hemisphere Energy Co. will post 0.3499079 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Noble Financial upgraded Hemisphere Energy to a “strong-buy” rating in a report on Wednesday, July 17th.

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.