Alvopetro Energy (OTCMKTS:ALVOF) Stock Rating Cut to Hold at Zacks Research

Zacks Research cut shares of Alvopetro Energy (OTCMKTS:ALVOF) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks reports.

Alvopetro Energy Stock Down 4.1%

Alvopetro Energy stock opened at $6.52 on Tuesday. The company’s 50-day moving average price is $7.26 and its two-hundred day moving average price is $6.70. 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 cap of $243.59 million, a P/E ratio of 8.81 and a beta of 0.01. Alvopetro Energy has a twelve month low of $4.22 and a twelve month high of $8.22.

Alvopetro Energy (OTCMKTS:ALVOF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Alvopetro Energy had a return on equity of 27.90% and a net margin of 42.13%.The company had revenue of $19.18 million during the quarter, compared to analysts’ expectations of $18.54 million. As a group, analysts expect that Alvopetro Energy will post 0.88 EPS for the current year.

Alvopetro Energy Company Profile

Alvopetro Energy Ltd. is a Canadian oil and natural gas exploration, development and production company focused on Brazil. The company’s activities are concentrated in the Recôncavo Basin in the state of Bahia, where it owns and operates upstream oil and gas assets.

Alvopetro’s portfolio includes the Caburé, Bom Lugar and Murucututu fields, along with associated exploration and development properties. Its operations are focused primarily on the production and sale of natural gas, condensate and crude oil, supported by related infrastructure such as gas processing and transportation facilities.

The company has developed its Brazilian business through a combination of field development, drilling and infrastructure investment.