Alvopetro Energy (OTCMKTS:ALVOF) Raised to Hold at Zacks Research

Alvopetro Energy (OTCMKTS:ALVOF) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Alvopetro Energy Stock Performance

Shares of ALVOF traded up $0.04 during midday trading on Monday, reaching $4.98. The stock had a trading volume of 7,904 shares, compared to its average volume of 20,112. Alvopetro Energy has a one year low of $3.15 and a one year high of $5.33. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06. The firm has a market cap of $182.99 million, a PE ratio of 9.58 and a beta of 0.06. The firm has a 50 day simple moving average of $4.55 and a 200-day simple moving average of $4.54.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its earnings results on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $14.18 million for the quarter, compared to the consensus estimate of $19.15 million. Alvopetro Energy had a return on equity of 22.24% and a net margin of 37.69%.

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.