Alvopetro Energy (OTCMKTS:ALVOF) Releases Quarterly Earnings Results

Alvopetro Energy (OTCMKTS:ALVOF) announced its quarterly earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03, Zacks reports. Alvopetro Energy had a return on equity of 24.88% and a net margin of 39.86%.

Alvopetro Energy Trading Down 0.8%

Shares of Alvopetro Energy stock traded down $0.05 during trading hours on Thursday, hitting $6.28. The company’s stock had a trading volume of 10,238 shares, compared to its average volume of 20,866. Alvopetro Energy has a 12 month low of $3.82 and a 12 month high of $7.97. The stock has a 50 day moving average of $6.35 and a 200 day moving average of $5.38. The company has a market capitalization of $232.30 million, a PE ratio of 10.30 and a beta of -0.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.86 and a quick ratio of 1.86.

Analyst Ratings Changes

Separately, Zacks Research upgraded Alvopetro Energy to a “hold” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Alvopetro Energy has an average rating of “Hold”.

Alvopetro Energy Company Profile

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.