Alvopetro Energy (OTCMKTS:ALVOF) Releases Earnings Results

Alvopetro Energy (OTCMKTS:ALVOF) posted its quarterly earnings results on Wednesday. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04, Zacks reports. Alvopetro Energy had a return on equity of 25.91% and a net margin of 40.90%.

Alvopetro Energy Stock Performance

Shares of Alvopetro Energy stock traded down $0.07 during trading on Wednesday, hitting $6.96. 36,574 shares of the company’s stock traded hands, compared to its average volume of 47,855. Alvopetro Energy has a 1 year low of $4.10 and a 1 year high of $7.97. The business has a 50-day simple moving average of $6.41 and a 200-day simple moving average of $6.17. The stock has a market capitalization of $259.61 million, a P/E ratio of 10.65 and a beta of -0.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68.

Alvopetro Energy Company Profile

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.