Alvopetro Energy (ALVOF) Expected to Announce Earnings on Thursday

Alvopetro Energy (OTCMKTS:ALVOF) is expected to be releasing its resultson Thursday, November 5th. Analysts expect Alvopetro Energy to post earnings of $0.22 per share and revenue of $20.08 million for the quarter.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Alvopetro Energy had a return on equity of 27.90% and a net margin of 42.13%. The firm had revenue of $19.18 million during the quarter, compared to analyst estimates of $18.54 million. On average, analysts expect Alvopetro Energy to post $0.88 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.

Alvopetro Energy Stock Performance

Shares of ALVOF stock opened at $6.70 on Tuesday. Alvopetro Energy has a one year low of $4.22 and a one year high of $8.22. The company’s 50-day moving average is $7.11 and its 200 day moving average is $6.47. The company has a market capitalization of $250.31 million, a price-to-earnings ratio of 9.05 and a beta of 0.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.47 and a current ratio of 1.47.

Analysts Set New Price Targets

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

About Alvopetro Energy

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.