Shares of Hemisphere Energy Co. (CVE:HME – Get Free Report) 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.
Check Out Our Latest Stock Report on Hemisphere Energy
Hemisphere Energy Stock Up 4.1 %
Hemisphere Energy (CVE:HME – Get Free Report) 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.
Featured Stories
- Five stocks we like better than Hemisphere Energy
- Bank Stocks – Best Bank Stocks to Invest In
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- How to Capture the Benefits of Dividend Increases
- MarketBeat Week in Review – 6/24 – 6/28
- Want to Profit on the Downtrend? Downtrends, Explained.
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Hemisphere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hemisphere Energy and related companies with MarketBeat.com's FREE daily email newsletter.