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Hemisphere Energy ( (TSE:HME) ) has shared an update.
Hemisphere Energy Corporation reported a record quarterly production of 3,833 boe/d, predominantly heavy oil, marking a 21% increase from the previous year. The company generated $27.3 million in revenue, a 30% increase from Q1 2024, and declared a quarterly dividend of $0.025 per share. Hemisphere also renewed its credit facility, indicating a strong financial position with positive working capital of $14.1 million. The company’s strategic moves, including share repurchases and dividend payments, highlight its commitment to returning value to shareholders and maintaining a robust operational framework.
The most recent analyst rating on (TSE:HME) stock is a Buy with a C$2.35 price target. To see the full list of analyst forecasts on Hemisphere Energy stock, see the TSE:HME Stock Forecast page.
Spark’s Take on TSE:HME Stock
According to Spark, TipRanks’ AI Analyst, TSE:HME is a Outperform.
Hemisphere Energy’s overall stock score reflects its strong financial performance and attractive valuation. Positive corporate events further enhance its position in the industry. However, technical analysis shows mixed signals, suggesting caution.
To see Spark’s full report on TSE:HME stock, click here.
More about Hemisphere Energy
Hemisphere Energy Corporation is a company operating in the energy sector, primarily focused on the production and sale of heavy oil. The company is listed on the TSX Venture Exchange and the OTCQX market, indicating its active participation in the North American energy markets.
Average Trading Volume: 98,529
Technical Sentiment Signal: Buy
Current Market Cap: C$168.2M
For an in-depth examination of HME stock, go to TipRanks’ Stock Analysis page.