Alvopetro Energy (OTCMKTS:ALVOF) Trading 0.9% Higher - Here's What Happened

Key Points

• Alvopetro Energy's shares increased by 0.9%, closing at $4.37 with a notable decline in trading volume, down 55% from the average.
• The company reported a net margin of 43.62% and earnings of $0.18 per share, exceeding analysts' expectations of $0.15, though revenue fell short at $14.01 million compared to estimates of $17.02 million.
• Alvopetro operates in the hydrocarbon sector, managing various assets including natural gas and oil fields across approximately 22,166 acres in Brazil's Recôncavo basin.

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report)'s stock price was up 0.9% during trading on Friday . The stock traded as high as $4.37 and last traded at $4.37. Approximately 4,900 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 10,846 shares. The stock had previously closed at $4.33.

Alvopetro Energy Trading Up 3.8%

The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.07. The company has a market cap of $180.88 million, a price-to-earnings ratio of 8.36 and a beta of 0.06. The firm has a 50 day moving average price of $4.33 and a two-hundred day moving average price of $4.00.

Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.03. Alvopetro Energy had a net margin of 43.62% and a return on equity of 25.76%. The business had revenue of $14.01 million for the quarter, compared to analysts' expectations of $17.02 million.

About Alvopetro Energy

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.