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

Hemisphere Energy Co. (CVE:HME - Get Free Report) Senior Officer Andrew John Arthur bought 11,500 shares of the company's stock in a transaction on Monday, October 28th. The shares were bought at an average price of C$1.85 per share, for a total transaction of C$21,245.10.

Hemisphere Energy Price Performance

Shares of HME traded down C$0.01 during mid-day trading on Monday, reaching C$1.86. 101,923 shares of the stock traded hands, compared to its average volume of 96,027. The company has a market cap of C$182.76 million, a price-to-earnings ratio of 6.38 and a beta of 1.95. Hemisphere Energy Co. has a 1 year low of C$1.23 and a 1 year high of C$2.03. The firm has a fifty day moving average price of C$1.83 and a 200 day moving average price of C$1.76. The company has a current ratio of 3.98, a quick ratio of 0.74 and a debt-to-equity ratio of 4.35.

Hemisphere Energy (CVE:HME - Get Free Report) last announced its earnings results on Tuesday, August 20th. The company reported C$0.10 earnings per share for the quarter, hitting analysts' consensus estimates of C$0.10. Hemisphere Energy had a return on equity of 45.52% and a net margin of 38.45%. The business had revenue of C$22.68 million for the quarter, compared to analyst estimates of C$26.84 million. As a group, equities research analysts predict that Hemisphere Energy Co. will post 0.3499079 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Noble Financial upgraded Hemisphere Energy to a "strong-buy" rating in a research report on Wednesday, July 17th.

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.