Alvopetro Energy (OTCMKTS:ALVOF) Announces Quarterly Earnings Results, Meets Estimates

Alvopetro Energy (OTCMKTS:ALVOF) posted its quarterly earnings results on Thursday. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22, Zacks reports. Alvopetro Energy had a net margin of 42.13% and a return on equity of 27.90%.

Alvopetro Energy Stock Down 3.3%

OTCMKTS:ALVOF traded down $0.22 on Thursday, hitting $6.36. The stock had a trading volume of 56,576 shares, compared to its average volume of 29,320. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.12. Alvopetro Energy has a 52 week low of $4.22 and a 52 week high of $8.22. The business’s fifty day moving average is $7.07 and its 200 day moving average is $6.49. The company has a market cap of $237.60 million, a PE ratio of 8.59 and a beta of -0.03.

Analyst Ratings Changes

Separately, Zacks Research lowered 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 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.