Alvopetro Energy (OTCMKTS:ALVOF) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Alvopetro Energy (OTCMKTS:ALVOF) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks reports.

Alvopetro Energy Price Performance

OTCMKTS ALVOF opened at $6.52 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.12. The company has a market cap of $243.59 million, a PE ratio of 8.81 and a beta of 0.01. Alvopetro Energy has a 52 week low of $4.22 and a 52 week high of $8.22. The firm’s 50-day simple moving average is $7.26 and its two-hundred day simple moving average is $6.70.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Alvopetro Energy had a return on equity of 27.90% and a net margin of 42.13%.The firm had revenue of $19.18 million during the quarter, compared to analyst estimates of $18.54 million. Research analysts predict that Alvopetro Energy will post 0.88 earnings per share for the current year.

About Alvopetro Energy

Alvopetro Energy Ltd. is a Canadian oil and natural gas exploration, development and production company focused on Brazil. The company’s activities are concentrated in the Recôncavo Basin in the state of Bahia, where it owns and operates upstream oil and gas assets.

Alvopetro’s portfolio includes the Caburé, Bom Lugar and Murucututu fields, along with associated exploration and development properties. Its operations are focused primarily on the production and sale of natural gas, condensate and crude oil, supported by related infrastructure such as gas processing and transportation facilities.

The company has developed its Brazilian business through a combination of field development, drilling and infrastructure investment.