Alvopetro Energy (OTCMKTS:ALVOF) Shares Up 0.6% – Still a Buy?

Shares of Alvopetro Energy Ltd. (OTCMKTS:ALVOF) were up 0.6% on Wednesday . The stock traded as high as $7.18 and last traded at $7.12. 26,861 shares traded hands during trading, a decline of 44% from the average daily volume of 47,888 shares. The stock had previously closed at $7.08.

Alvopetro Energy Stock Performance

The stock has a fifty day moving average of $6.69 and a 200-day moving average of $6.40. The firm has a market capitalization of $265.58 million, a P/E ratio of 9.62 and a beta of -0.17. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.17.

Alvopetro Energy (OTCMKTS:ALVOF) last released its earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $19.18 million for the quarter, compared to analysts’ expectations of $18.54 million. Alvopetro Energy had a return on equity of 28.58% and a net margin of 42.13%. On average, research analysts anticipate that Alvopetro Energy Ltd. will post 0.9 EPS for the current year.

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.