Alvopetro Energy (OTCMKTS:ALVOF) Releases Quarterly Earnings Results

Alvopetro Energy (OTCMKTS:ALVOF) issued its quarterly earnings results on Wednesday. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04, Zacks reports. The business had revenue of $19.18 million during the quarter, compared to the consensus estimate of $18.54 million. Alvopetro Energy had a net margin of 42.13% and a return on equity of 28.58%.

Alvopetro Energy Trading Down 0.3%

Shares of ALVOF opened at $6.94 on Friday. Alvopetro Energy has a fifty-two week low of $4.10 and a fifty-two week high of $7.97. The company has a market capitalization of $258.86 million, a PE ratio of 9.38 and a beta of -0.17. The stock has a fifty day moving average of $6.45 and a two-hundred day moving average of $6.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.68 and a current ratio of 1.68.

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.