Noble Financial upgraded shares of Hemisphere Energy (CVE:HME – Free Report) to a strong-buy rating in a report published on Wednesday, Zacks.com reports. Noble Financial also issued estimates for Hemisphere Energy’s Q2 2024 earnings at $0.09 EPS, Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.34 EPS and FY2025 earnings at $0.30 EPS.
Separately, ATB Capital upped their target price on Hemisphere Energy from C$1.80 to C$1.90 in a report on Friday, April 19th.
Check Out Our Latest Stock Analysis on Hemisphere Energy
Hemisphere Energy Price Performance
Hemisphere Energy (CVE:HME – Get Free Report) last posted its quarterly earnings data on Wednesday, May 29th. The company reported C$0.07 EPS for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. Hemisphere Energy had a net margin of 35.74% and a return on equity of 42.36%. The company had revenue of C$20.96 million during the quarter, compared to analyst estimates of C$19.90 million. As a group, analysts expect that Hemisphere Energy will post 0.29806 earnings per share for the current fiscal year.
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.
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