Alvopetro Energy (OTCMKTS:ALVOF) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

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

Alvopetro Energy Trading Up 1.1%

Shares of ALVOF traded up $0.07 during trading hours on Friday, hitting $6.35. 7,709 shares of the stock were exchanged, compared to its average volume of 20,561. Alvopetro Energy has a fifty-two week low of $3.84 and a fifty-two week 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 business has a 50-day moving average of $6.35 and a 200-day moving average of $5.38. The firm has a market capitalization of $234.89 million, a P/E ratio of 9.62 and a beta of -0.15.

Wall Street Analysts Forecast Growth

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

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.