Alvopetro Energy Ltd. Declares Dividend of $0.10 (OTCMKTS:ALVOF)

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) announced a dividend on Tuesday, March 18th, NASDAQ Dividends reports. Investors of record on Monday, March 31st will be given a dividend of 0.10 per share on Tuesday, April 15th. The ex-dividend date of this dividend is Monday, March 31st.

Alvopetro Energy Stock Up 5.0 %

Alvopetro Energy stock traded up $0.16 during midday trading on Wednesday, hitting $3.39. 35,586 shares of the stock were exchanged, compared to its average volume of 20,275. Alvopetro Energy has a 1 year low of $2.85 and a 1 year high of $4.08. The firm has a market cap of $123.53 million, a P/E ratio of 8.69 and a beta of 0.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.10 and a quick ratio of 2.10. The company has a 50 day moving average price of $3.45 and a two-hundred day moving average price of $3.53.

Alvopetro Energy (OTCMKTS:ALVOF) last released its earnings results on Tuesday, March 18th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.06). The company had revenue of $10.21 million during the quarter, compared to the consensus estimate of $15.49 million. Alvopetro Energy had a return on equity of 27.00% and a net margin of 29.06%.

About Alvopetro Energy

Alvopetro Energy Ltd. operates as an independent upstream and midstream operator. It engages in the acquisition, exploration, development, and production of hydrocarbons. The company holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.