Alvopetro Energy (OTCMKTS:ALVOF) Issues Earnings Results

Alvopetro Energy (OTCMKTS:ALVOF) posted its quarterly earnings data on Thursday. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03, Zacks reports. Alvopetro Energy had a return on equity of 26.39% and a net margin of 40.90%.The firm had revenue of $17.39 million for the quarter, compared to analyst estimates of $17.03 million.

Alvopetro Energy Price Performance

Alvopetro Energy stock traded up $0.07 during mid-day trading on Friday, reaching $6.35. 7,709 shares of the company were exchanged, compared to its average volume of 20,561. The company has a fifty day simple moving average of $6.35 and a 200-day simple moving average of $5.38. Alvopetro Energy has a 12 month low of $3.84 and a 12 month high of $7.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $234.89 million, a PE ratio of 9.62 and a beta of -0.15.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Alvopetro Energy to a “hold” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Alvopetro Energy presently has an average rating of “Hold”.

Alvopetro Energy Company Profile

Alvopetro Energy Inc (OTCMKTS: ALVOF) is a Canada-based oil and gas exploration and production company focused on acquiring and developing upstream assets in Brazil. The company targets conventional hydrocarbon resources through a combination of license acquisitions, seismic appraisal and drilling operations, seeking to build a sustainable production profile in emerging Brazilian basins.

Alvopetro’s principal activities are centered in the Potiguar Basin of northeastern Brazil, where it holds working interests in both onshore and shallow-water concession areas.