Alvopetro Energy (ALVOF) to Release Earnings on Wednesday

Alvopetro Energy (OTCMKTS:ALVOF) is projected to release its resultson Wednesday, August 5th. Analysts expect Alvopetro Energy to announce earnings of $0.22 per share and revenue of $18.5360 million for the quarter.

Alvopetro Energy (OTCMKTS:ALVOF) last issued its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $17.39 million during the quarter, compared to analysts’ expectations of $17.03 million. Alvopetro Energy had a return on equity of 25.91% and a net margin of 40.90%. On average, analysts expect Alvopetro Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alvopetro Energy Price Performance

Shares of ALVOF stock opened at $6.94 on Monday. The stock’s fifty day simple moving average is $6.37 and its 200 day simple moving average is $6.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market cap of $258.88 million, a price-to-earnings ratio of 10.52 and a beta of -0.16. Alvopetro Energy has a one year low of $4.10 and a one year high of $7.97.

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.