Alvopetro Energy (OTCMKTS:ALVOF) Posts Earnings Results, Hits Expectations

Alvopetro Energy (OTCMKTS:ALVOF) issued its quarterly earnings data on Thursday. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22, Zacks reports. Alvopetro Energy had a net margin of 42.13% and a return on equity of 27.90%.

Alvopetro Energy Trading Down 3.3%

ALVOF traded down $0.22 during mid-day trading on Thursday, hitting $6.36. 56,576 shares of the stock were exchanged, compared to its average volume of 29,320. The firm’s fifty day moving average is $7.07 and its two-hundred day moving average is $6.49. Alvopetro Energy has a 1-year low of $4.22 and a 1-year high of $8.22. The company has a market cap of $237.61 million, a PE ratio of 8.59 and a beta of -0.03. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Alvopetro Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Alvopetro Energy Company Profile

Alvopetro Energy Ltd. is a Canadian oil and natural gas company focused on the exploration, development and production of petroleum resources in Brazil. The company’s operations are concentrated in the Reconcavo Basin in the state of Bahia, a mature oil and gas region with established infrastructure and local demand.

Alvopetro’s Brazilian asset portfolio includes interests in the Cabure and Murucututu fields, where it produces natural gas, condensate and oil. The company also owns and operates related midstream infrastructure, including a natural gas processing facility and pipeline assets that connect its production to regional markets.