Alvopetro Energy (ALVOF) Expected to Announce Earnings on Tuesday

Alvopetro Energy (OTCMKTS:ALVOF) is projected to issue its results before the market opens on Tuesday, March 17th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $20.5920 million for the quarter.

Alvopetro Energy Stock Performance

ALVOF opened at $6.17 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. Alvopetro Energy has a 12-month low of $3.17 and a 12-month high of $6.38. The business has a 50 day moving average of $5.41 and a 200-day moving average of $4.89. The stock has a market cap of $226.62 million and a price-to-earnings ratio of 11.87.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Alvopetro Energy to a “hold” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

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.