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

Alvopetro Energy (OTCMKTS:ALVOF) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Alvopetro Energy Stock Down 4.1%

ALVOF stock opened at $6.52 on Tuesday. The business’s fifty day moving average price is $7.26 and its two-hundred day moving average price is $6.70. Alvopetro Energy has a fifty-two week low of $4.22 and a fifty-two week high of $8.22. The stock has a market capitalization of $243.59 million, a price-to-earnings ratio of 8.81 and a beta of 0.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.47 and a quick ratio of 1.47.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, beating 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 business had revenue of $19.18 million during the quarter, compared to the consensus estimate of $18.54 million. On average, equities analysts anticipate 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.