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

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 %

OTCMKTS:ALVOF traded up $0.16 during midday trading on Wednesday, reaching $3.39. 35,586 shares of the stock traded hands, compared to its average volume of 20,275. Alvopetro Energy has a 12-month low of $2.85 and a 12-month high of $4.08. The business has a 50-day moving average of $3.45 and a two-hundred day moving average of $3.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market capitalization of $123.53 million, a PE ratio of 8.69 and a beta of 0.09.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its earnings results on Tuesday, March 18th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). Alvopetro Energy had a net margin of 29.06% and a return on equity of 27.00%. The firm had revenue of $10.21 million for the quarter, compared to analysts’ expectations of $15.49 million.

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.