Shares of Hemisphere Energy Co. (CVE:HME – Get Free Report) crossed above its 50 day moving average during trading on Tuesday . 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 23,026 shares trading hands.
Analysts Set New Price Targets
Separately, ATB Capital boosted their price objective on shares of Hemisphere Energy from C$1.80 to C$1.90 in a research report on Friday, April 19th.
View Our Latest Stock Analysis on HME
Hemisphere Energy Stock Performance
Hemisphere Energy (CVE:HME – Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The company reported C$0.04 earnings per share (EPS) for the quarter. Hemisphere Energy had a net margin of 35.74% and a return on equity of 42.36%. The firm had revenue of C$22.42 million during the quarter. As a group, sell-side analysts expect 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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