Alvopetro Energy (ALVOF) to Release Earnings on Wednesday

Alvopetro Energy (OTCMKTS:ALVOF) will likely be announcing its resultson Wednesday, August 5th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $18.5360 million for the quarter.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Alvopetro Energy had a return on equity of 25.91% and a net margin of 40.90%.The firm had revenue of $17.39 million during the quarter, compared to the consensus estimate of $17.03 million. On average, analysts expect Alvopetro Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alvopetro Energy Stock Up 0.1%

Shares of Alvopetro Energy stock opened at $6.95 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.68 and a current ratio of 1.68. Alvopetro Energy has a 52-week low of $4.10 and a 52-week high of $7.97. The company’s 50 day moving average price is $6.39 and its 200-day moving average price is $6.16. The stock has a market capitalization of $259.24 million, a price-to-earnings ratio of 10.53 and a beta of -0.17.

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.