Alvopetro Energy (OTCMKTS:ALVOF – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.
Alvopetro Energy Price Performance
Alvopetro Energy stock opened at $7.80 on Tuesday. The firm has a market cap of $290.94 million, a PE ratio of 10.54 and a beta of -0.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s fifty day moving average price is $6.83 and its two-hundred day moving average price is $6.46. Alvopetro Energy has a one year low of $4.22 and a one year high of $7.97.
Alvopetro Energy (OTCMKTS:ALVOF – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Alvopetro Energy had a return on equity of 28.58% and a net margin of 42.13%.The company had revenue of $19.18 million for the quarter, compared to analyst estimates of $18.54 million. As a group, research analysts expect that Alvopetro Energy will post 0.9 EPS for the current fiscal year.
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.
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