Alvopetro Energy (OTCMKTS:ALVOF) Posts Earnings Results

Alvopetro Energy (OTCMKTS:ALVOFGet Rating) announced its quarterly earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.17, MarketWatch Earnings reports. Alvopetro Energy had a return on equity of 32.14% and a net margin of 44.79%.

Shares of OTCMKTS ALVOF traded up $0.08 during trading hours on Friday, hitting $4.25. 29,483 shares of the company’s stock were exchanged, compared to its average volume of 13,874. Alvopetro Energy has a 1-year low of $1.36 and a 1-year high of $8.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.12 and a quick ratio of 2.12. The stock has a market capitalization of $144.25 million, a price-to-earnings ratio of 8.57 and a beta of 0.18. The company’s 50-day moving average price is $4.22 and its 200-day moving average price is $3.85.

Separately, Noble Financial began coverage on Alvopetro Energy in a research report on Wednesday, March 16th. They set an “outperform” rating for the company.

Alvopetro Energy Company Profile (Get Rating)

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. As of December 31, 2021, it held interests in the Caburé and Murucututu natural gas assets; two exploration assets comprising Blocks 182 and the western portion of Block 183; and two oil fields, Bom Lugar and Mãe-da-lua, which include 22,166 acres in the Recôncavo basin onshore Brazil.

Further Reading

Earnings History for Alvopetro Energy (OTCMKTS:ALVOF)

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