Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Update

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 3,676 shares, a decline of 13.7% from the February 26th total of 4,262 shares. Based on an average daily trading volume, of 53,391 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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 MarketBeat, the company has a consensus rating of “Hold”.

Alvopetro Energy Price Performance

ALVOF stock opened at $6.96 on Wednesday. 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 firm has a market capitalization of $255.49 million and a P/E ratio of 11.40. The business’s 50-day moving average is $5.92 and its two-hundred day moving average is $5.10. Alvopetro Energy has a 1 year low of $3.17 and a 1 year high of $7.97.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Alvopetro Energy had a return on equity of 25.11% and a net margin of 39.86%.The business had revenue of $15.76 million during the quarter, compared to the consensus estimate of $20.59 million.

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.