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

Alvopetro Energy (OTCMKTS:ALVOF) posted its quarterly earnings data on Thursday. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22, Zacks reports. The business had revenue of $19.27 million during the quarter, compared to the consensus estimate of $20.08 million. Alvopetro Energy had a net margin of 42.13% and a return on equity of 27.90%.

Alvopetro Energy Price Performance

Alvopetro Energy stock traded down $0.07 during mid-day trading on Friday, hitting $6.29. The company’s stock had a trading volume of 14,648 shares, compared to its average volume of 35,976. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $234.99 million, a P/E ratio of 8.50 and a beta of -0.03. Alvopetro Energy has a twelve month low of $4.22 and a twelve month high of $8.22. The stock’s fifty day moving average price is $7.07 and its two-hundred day moving average price is $6.49.

Analyst Ratings Changes

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