Shares of Hemisphere Energy Co. (CVE:HME - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.84 and traded as low as C$1.82. Hemisphere Energy shares last traded at C$1.85, with a volume of 36,796 shares trading hands.
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.
Get Our Latest Stock Report on Hemisphere Energy
Hemisphere Energy Price Performance
The company has a market capitalization of C$178.83 million, a price-to-earnings ratio of 6.38 and a beta of 1.95. The company has a fifty day simple moving average of C$1.84 and a two-hundred day simple moving average of C$1.77. The company has a debt-to-equity ratio of 4.35, a quick ratio of 0.74 and a current ratio of 3.98.
Hemisphere Energy (CVE:HME - Get Free Report) last released its earnings results on Tuesday, August 20th. The company reported C$0.10 EPS for the quarter, meeting the consensus estimate of C$0.10. Hemisphere Energy had a return on equity of 45.52% and a net margin of 38.45%. The firm had revenue of C$22.68 million during the quarter, compared to analyst estimates of C$26.84 million. As a group, research analysts anticipate that Hemisphere Energy Co. will post 0.3499079 earnings per share for the current year.
About Hemisphere Energy
(
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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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