Alvopetro Energy (OTCMKTS:ALVOF) Posts Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• Alvopetro Energy reported an earnings per share (EPS) of $0.18 for the quarter, surpassing analysts' expectations of $0.15 by $0.03.
• The company's revenue for the quarter was $14.01 million, falling short of analysts’ forecasts of $17.02 million.
• Alvopetro has a net margin of 43.62% and a return on equity of 26.43%, indicating strong profitability metrics.

Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) announced its earnings results on Wednesday. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.03, Zacks reports. Alvopetro Energy had a net margin of 43.62% and a return on equity of 26.43%. The business had revenue of $14.01 million during the quarter, compared to analysts' expectations of $17.02 million.

Alvopetro Energy Price Performance

Shares of OTCMKTS:ALVOF opened at $4.27 on Friday. The company has a 50-day simple moving average of $4.43 and a 200-day simple moving average of $3.89. Alvopetro Energy has a one year low of $3.01 and a one year high of $5.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $156.54 million, a price-to-earnings ratio of 7.24 and a beta of 0.06.

Alvopetro Energy Company Profile

Alvopetro Energy Ltd. operates as an independent upstream and midstream operator. It engages in the acquisition, exploration, development, and production of hydrocarbons. The company holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.