Alvopetro Energy (OTCMKTS:ALVOF) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Alvopetro Energy (OTCMKTS:ALVOF) posted its earnings results on Wednesday. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04, Zacks reports. Alvopetro Energy had a net margin of 40.90% and a return on equity of 25.91%. The business had revenue of $19.18 million for the quarter, compared to analyst estimates of $18.54 million.

Alvopetro Energy Trading Up 1.6%

OTCMKTS:ALVOF traded up $0.11 during trading hours on Thursday, reaching $7.07. The company’s stock had a trading volume of 42,362 shares, compared to its average volume of 29,367. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $263.84 million, a price-to-earnings ratio of 10.72 and a beta of -0.17. The firm has a 50-day simple moving average of $6.43 and a 200-day simple moving average of $6.19. Alvopetro Energy has a 1 year low of $4.10 and a 1 year high of $7.97.

About Alvopetro Energy

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.