Alvopetro Energy (OTCMKTS:ALVOF – Get Free Report) is projected to announce its resultson Wednesday, November 4th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $20.08 million for the quarter.
Alvopetro Energy (OTCMKTS:ALVOF – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $19.18 million for the quarter, compared to analysts’ expectations of $18.54 million. On average, analysts expect Alvopetro Energy to post $0.88 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.
Alvopetro Energy Trading Down 0.6%
OTCMKTS ALVOF opened at $6.75 on Wednesday. Alvopetro Energy has a 1 year low of $4.22 and a 1 year high of $8.22. The company has a fifty day moving average price of $7.14 and a 200-day moving average price of $6.43.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded shares of Alvopetro Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Alvopetro Energy currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Alvopetro Energy
Alvopetro Energy Company Profile
Alvopetro Energy Ltd. is a Canadian oil and natural gas company focused on the exploration, development and production of petroleum resources in Brazil. The company’s operations are concentrated in the Reconcavo Basin in the state of Bahia, a mature oil and gas region with established infrastructure and local demand.
Alvopetro’s Brazilian asset portfolio includes interests in the Cabure and Murucututu fields, where it produces natural gas, condensate and oil. The company also owns and operates related midstream infrastructure, including a natural gas processing facility and pipeline assets that connect its production to regional markets.
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