Alvopetro Energy (OTCMKTS:ALVOF) Shares Up 1.3% - Here's What Happened

Key Points

• Alvopetro Energy Ltd. shares increased by 1.3%, closing at $4.63 after trading as high as $4.64, with a volume of 9,558 shares surpassing the average.
• The company reported $0.18 earnings per share for the last quarter, beating estimations, though revenues of $14.01 million fell short of the consensus of $17.02 million.
• Alvopetro Energy holds interests in various oil and gas assets across approximately 22,166 acres in the Recôncavo basin onshore Brazil.

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) shot up 1.3% during trading on Friday . The stock traded as high as $4.64 and last traded at $4.63. 9,558 shares were traded during trading, an increase of 5% from the average session volume of 9,061 shares. The stock had previously closed at $4.57.

Alvopetro Energy Stock Up 1.3%

The stock has a market cap of $170.10 million, a PE ratio of 7.85 and a beta of 0.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.43 and a current ratio of 1.43. The company's 50-day moving average price is $4.64 and its 200 day moving average price is $4.31.

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

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.

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