Hemisphere Energy Co. (CVE:HME – Get Free Report) shares 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.
Analysts Set New Price Targets
Separately, ATB Capital boosted their price objective on Hemisphere Energy from C$1.80 to C$1.90 in a report on Friday, April 19th.
Check Out Our Latest Report on Hemisphere Energy
Hemisphere Energy Trading Down 0.6 %
Hemisphere Energy (CVE:HME – Get Free Report) last released its quarterly earnings results 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. Hemisphere Energy had a return on equity of 42.36% and a net margin of 35.74%. The firm had revenue of C$20.96 million for the quarter, compared to analysts’ expectations of C$19.90 million. On average, equities research analysts anticipate that Hemisphere Energy Co. 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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