Alvopetro Energy Ltd. (OTCMKTS:ALVOF – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 3,774 shares, a drop of 95.3% from the October 15th total of 80,115 shares. Based on an average daily volume of 44,385 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.
Alvopetro Energy Stock Down 0.5%
Shares of OTCMKTS:ALVOF traded down $0.03 during trading on Tuesday, hitting $6.44. The company’s stock had a trading volume of 17,402 shares, compared to its average volume of 36,091. The business has a 50 day moving average price of $7.03 and a two-hundred day moving average price of $6.50. The company has a market capitalization of $240.60 million, a PE ratio of 7.67 and a beta of -0.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.47 and a current ratio of 1.47. Alvopetro Energy has a fifty-two week low of $4.22 and a fifty-two week high of $8.22.
Alvopetro Energy (OTCMKTS:ALVOF – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $19.27 million for the quarter, compared to analyst estimates of $20.08 million. Alvopetro Energy had a return on equity of 27.90% and a net margin of 42.13%. As a group, research analysts expect that Alvopetro Energy will post 0.88 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut Alvopetro Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold”.
Check Out Our Latest Stock Report on ALVOF
Alvopetro Energy Company Profile
Alvopetro Energy Ltd. is a Canadian oil and natural gas company focused on the exploration, development and production of petroleum resources in Brazil. The company’s operations are concentrated in the Reconcavo Basin in the state of Bahia, a mature oil and gas region with established infrastructure and local demand. Alvopetro’s Brazilian asset portfolio includes interests in the Cabure and Murucututu fields, where it produces natural gas, condensate and oil. The company also owns and operates related midstream infrastructure, including a natural gas processing facility and pipeline assets that connect its production to regional markets.
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