Zacks Research Upgrades Alvopetro Energy (OTCMKTS:ALVOF) to Hold

Alvopetro Energy (OTCMKTS:ALVOF) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Alvopetro Energy Price Performance

OTCMKTS:ALVOF opened at $4.94 on Monday. The stock has a market capitalization of $181.45 million, a PE ratio of 9.50 and a beta of 0.06. Alvopetro Energy has a 1-year low of $3.15 and a 1-year high of $5.33. The firm has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $4.54. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $14.18 million for the quarter, compared to the consensus estimate of $19.15 million. Alvopetro Energy had a return on equity of 22.24% and a net margin of 37.69%.

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.