Alvopetro Energy (OTCMKTS:ALVOF) Upgraded at Zacks Research

Zacks Research upgraded shares of Alvopetro Energy (OTCMKTS:ALVOF) to a hold rating in a research report released on Monday,Zacks.com reports.

Alvopetro Energy Stock Performance

Shares of OTCMKTS:ALVOF opened at $4.95 on Monday. The firm has a fifty day simple moving average of $4.55 and a two-hundred day simple moving average of $4.54. Alvopetro Energy has a 52 week low of $3.15 and a 52 week high of $5.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $181.72 million, a P/E ratio of 9.51 and a beta of 0.06.

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

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.