Zacks Small Cap Comments on Alvopetro Energy Ltd.’s Q2 2022 Earnings (OTCMKTS:ALVOF)

Alvopetro Energy Ltd. (OTCMKTS:ALVOF – Get Rating) – Stock analysts at Zacks Small Cap boosted their Q2 2022 earnings per share (EPS) estimates for shares of Alvopetro Energy in a note issued to investors on Tuesday, July 26th. Zacks Small Cap analyst S. Ralston now anticipates that the company will post earnings per share of $0.08 for the quarter, up from their prior estimate of $0.06. The consensus estimate for Alvopetro Energy’s current full-year earnings is $0.67 per share. Zacks Small Cap also issued estimates for Alvopetro Energy’s Q3 2022 earnings at $0.09 EPS, Q4 2022 earnings at $0.10 EPS and FY2022 earnings at $0.57 EPS.

Alvopetro Energy Stock Performance

Shares of Alvopetro Energy stock opened at $5.43 on Thursday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $5.32 and a two-hundred day moving average price of $4.45. Alvopetro Energy has a 1-year low of $1.36 and a 1-year high of $8.00. The company has a market cap of $185.16 million, a P/E ratio of 10.95 and a beta of 0.77.

Alvopetro Energy (OTCMKTS:ALVOF – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.25. Alvopetro Energy had a return on equity of 30.50% and a net margin of 44.79%. The firm had revenue of $13.97 million during the quarter, compared to the consensus estimate of $10.32 million.

About Alvopetro Energy

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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.