Alvopetro Energy (OTCMKTS:ALVOF) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Alvopetro Energy (OTCMKTS:ALVOF) released its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01, Zacks reports. The business had revenue of $15.76 million during the quarter, compared to the consensus estimate of $20.59 million. Alvopetro Energy had a return on equity of 22.24% and a net margin of 37.69%.

Alvopetro Energy Price Performance

Shares of ALVOF stock traded up $0.14 during trading on Wednesday, hitting $6.11. The company had a trading volume of 1,398 shares, compared to its average volume of 22,939. The firm has a market capitalization of $224.44 million and a P/E ratio of 11.75. Alvopetro Energy has a one year low of $3.17 and a one year high of $6.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50-day moving average price is $5.53 and its 200 day moving average price is $4.96.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alvopetro Energy to a “hold” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Alvopetro Energy has a consensus 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.