Alvopetro Energy (OTCMKTS:ALVOF) Stock Price Up 0.6% – Still a Buy?

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) rose 0.6% during mid-day trading on Wednesday . The company traded as high as $7.18 and last traded at $7.12. Approximately 26,861 shares were traded during trading, a decline of 44% from the average session volume of 47,888 shares. The stock had previously closed at $7.08.

Alvopetro Energy Stock Up 0.6%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $265.58 million, a price-to-earnings ratio of 9.62 and a beta of -0.17. The firm’s fifty day simple moving average is $6.69 and its 200 day simple moving average is $6.40.

Alvopetro Energy (OTCMKTS:ALVOF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. Alvopetro Energy had a net margin of 42.13% and a return on equity of 28.58%. The company had revenue of $19.18 million during the quarter, compared to analysts’ expectations of $18.54 million. On average, sell-side analysts forecast that Alvopetro Energy Ltd. will post 0.9 earnings per share for the current year.

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.