Hemisphere Energy (CVE:HME) Given New C$1.90 Price Target at ATB Capital

Hemisphere Energy (CVE:HME) had its target price raised by stock analysts at ATB Capital from C$1.80 to C$1.90 in a report issued on Friday, BayStreet.CA reports. ATB Capital’s target price would indicate a potential upside of 12.43% from the company’s current price.

Hemisphere Energy Trading Down 0.6 %

CVE:HME traded down C$0.01 on Friday, hitting C$1.69. 10,205 shares of the stock were exchanged, compared to its average volume of 113,913. The stock has a market cap of C$167.88 million, a PE ratio of 7.35 and a beta of 2.09. The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 5.60. The stock has a fifty day moving average of C$1.57 and a 200-day moving average of C$1.39. Hemisphere Energy has a fifty-two week low of C$1.18 and a fifty-two week high of C$1.74.

Insiders Place Their Bets

In other news, Senior Officer Andrew John Arthur purchased 30,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was bought at an average cost of C$1.25 per share, for a total transaction of C$37,500.00. 7.15% of the stock is currently owned by insiders.

Hemisphere Energy Company Profile

Hemisphere Energy Corporation acquires, explores for, 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; and Jenner property situated in southeastern Alberta. The company was formerly known as Northern Hemisphere Development Corp.