Alvopetro Energy (OTCMKTS:ALVOF) Announces Earnings Results, Beats Expectations By $0.01 EPS

Alvopetro Energy (OTCMKTS:ALVOF) announced its earnings results on Tuesday. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01, Zacks reports. Alvopetro Energy had a net margin of 37.69% and a return on equity of 22.24%. The firm had revenue of $15.76 million for the quarter, compared to the consensus estimate of $20.59 million.

Alvopetro Energy Stock Up 2.3%

OTCMKTS:ALVOF traded up $0.14 during trading hours on Wednesday, reaching $6.11. 1,398 shares of the stock were exchanged, compared to its average volume of 22,939. The stock has a market cap of $224.44 million and a PE ratio of 11.75. Alvopetro Energy has a twelve month low of $3.17 and a twelve month high of $6.38. The firm has a 50 day moving average of $5.53 and a 200 day moving average of $4.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alvopetro Energy to a “hold” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Alvopetro Energy has a consensus rating of “Hold”.

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.