Alvopetro Energy (OTCMKTS:ALVOF – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01, Zacks reports. The company had revenue of $15.76 million for the quarter, compared to analysts’ expectations of $20.59 million. Alvopetro Energy had a net margin of 39.86% and a return on equity of 25.11%.
Alvopetro Energy Stock Up 4.7%
ALVOF opened at $6.42 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $5.57 and a 200-day simple moving average of $4.97. The stock has a market capitalization of $235.81 million and a P/E ratio of 10.52. Alvopetro Energy has a 12 month low of $3.17 and a 12 month high of $6.48.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Alvopetro Energy to a “hold” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Alvopetro Energy has an average rating of “Hold”.
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.
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