Alvopetro Energy (OTCMKTS:ALVOF) Posts Quarterly Earnings Results

Alvopetro Energy (OTCMKTS:ALVOF) announced its quarterly earnings results on Wednesday. The company reported $0.12 earnings per share for the quarter, reports. Alvopetro Energy had a return on equity of 42.00% and a net margin of 47.79%. The company had revenue of $11.75 million for the quarter.

Alvopetro Energy Trading Up 1.2 %

ALVOF opened at $3.56 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.02 and a quick ratio of 2.02. The company’s 50 day simple moving average is $3.60 and its two-hundred day simple moving average is $4.57. Alvopetro Energy has a 1-year low of $2.85 and a 1-year high of $8.07. The firm has a market capitalization of $130.37 million, a price-to-earnings ratio of 4.68 and a beta of 0.22.

Alvopetro Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 10.11%. The ex-dividend date of this dividend was Wednesday, March 27th. Alvopetro Energy’s dividend payout ratio is presently 47.37%.

About Alvopetro Energy

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.