Alvopetro Energy (OTCMKTS:ALVOF) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Alvopetro Energy (OTCMKTS:ALVOF) released its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.06), Zacks reports. The company had revenue of $10.21 million for the quarter, compared to the consensus estimate of $15.49 million. Alvopetro Energy had a return on equity of 27.00% and a net margin of 29.06%.

Alvopetro Energy Price Performance

OTCMKTS ALVOF opened at $3.39 on Thursday. Alvopetro Energy has a twelve month low of $2.85 and a twelve month high of $4.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market capitalization of $123.53 million, a PE ratio of 8.69 and a beta of 0.09. The stock has a 50-day simple moving average of $3.44 and a 200 day simple moving average of $3.53.

Alvopetro Energy Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.10 per share. The ex-dividend date is Monday, March 31st. Alvopetro Energy’s dividend payout ratio is presently 83.72%.

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.