Alvopetro Energy (ALVOF) Expected to Announce Quarterly Earnings on Wednesday

Alvopetro Energy (OTCMKTS:ALVOF) is projected to announce its resultson Wednesday, August 5th. Analysts expect Alvopetro Energy to announce earnings of $0.22 per share and revenue of $18.5360 million for the quarter.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Alvopetro Energy had a return on equity of 25.91% and a net margin of 40.90%.The company had revenue of $17.39 million for the quarter, compared to analyst estimates of $17.03 million. On average, analysts expect Alvopetro Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alvopetro Energy Trading Down 2.1%

OTCMKTS ALVOF opened at $6.72 on Wednesday. The stock has a market capitalization of $250.51 million, a P/E ratio of 10.18 and a beta of -0.16. The business has a 50 day simple moving average of $6.32 and a 200 day simple moving average of $6.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68. Alvopetro Energy has a one year low of $4.10 and a one year high of $7.97.

About Alvopetro Energy

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.