Alvopetro Energy (OTCMKTS:ALVOF) Announces Quarterly Earnings Results, Hits Estimates

Alvopetro Energy (OTCMKTS:ALVOF) announced its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22, Zacks reports. The company had revenue of $19.27 million during the quarter, compared to analysts’ expectations of $20.08 million. Alvopetro Energy had a net margin of 42.13% and a return on equity of 27.90%.

Alvopetro Energy Trading Up 0.2%

OTCMKTS:ALVOF opened at $6.37 on Friday. The firm’s fifty day moving average is $7.05 and its 200-day moving average is $6.50. The firm has a market cap of $237.98 million, a P/E ratio of 7.58 and a beta of -0.03. Alvopetro Energy has a 52 week low of $4.22 and a 52 week high of $8.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.47 and a current ratio of 1.47.

Analysts Set New Price Targets

Separately, Zacks Research cut Alvopetro Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Alvopetro Energy has a consensus rating of “Hold”.

About Alvopetro Energy

Alvopetro Energy Ltd. is a Canadian oil and natural gas company focused on the exploration, development and production of petroleum resources in Brazil. The company’s operations are concentrated in the Reconcavo Basin in the state of Bahia, a mature oil and gas region with established infrastructure and local demand.

Alvopetro’s Brazilian asset portfolio includes interests in the Cabure and Murucututu fields, where it produces natural gas, condensate and oil. The company also owns and operates related midstream infrastructure, including a natural gas processing facility and pipeline assets that connect its production to regional markets.