Hemisphere Energy Co. (CVE:HME) Senior Officer Buys C$21,245.10 in Stock

Hemisphere Energy Co. (CVE:HME) Senior Officer Andrew John Arthur acquired 11,500 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of C$1.85 per share, with a total value of C$21,245.10.

Hemisphere Energy Stock Down 2.1 %

Shares of HME traded down C$0.04 during mid-day trading on Monday, reaching C$1.83. The company had a trading volume of 82,323 shares, compared to its average volume of 95,933. Hemisphere Energy Co. has a 52 week low of C$1.23 and a 52 week high of C$2.03. The company has a debt-to-equity ratio of 4.35, a quick ratio of 0.74 and a current ratio of 3.98. The firm has a 50-day moving average price of C$1.83 and a 200 day moving average price of C$1.76. The company has a market capitalization of C$179.82 million, a price-to-earnings ratio of 6.45 and a beta of 1.95.

Hemisphere Energy (CVE:HME) last issued its earnings results on Tuesday, August 20th. The company reported C$0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.10. The company had revenue of C$22.68 million for the quarter, compared to analysts’ expectations of C$26.84 million. Hemisphere Energy had a net margin of 38.45% and a return on equity of 45.52%. On average, sell-side analysts forecast that Hemisphere Energy Co. will post 0.3499079 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Noble Financial raised shares of Hemisphere Energy to a “strong-buy” rating in a research note on Wednesday, July 17th.

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.