Alvopetro Energy Ltd. (CVE:ALV) – Equities researchers at Zacks Investment Research dropped their FY2021 earnings estimates for Alvopetro Energy in a note issued to investors on Monday, June 14th. Zacks Investment Research analyst S. Ralston now anticipates that the company will post earnings of $0.05 per share for the year, down from their previous forecast of $0.11. Zacks Investment Research also issued estimates for Alvopetro Energy’s FY2022 earnings at $0.11 EPS.
Alvopetro Energy (CVE:ALV) last posted its quarterly earnings data on Thursday, March 25th. The company reported C$0.04 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.03 by C$0.01. The business had revenue of C$7.67 million for the quarter, compared to analyst estimates of C$6.35 million.
Shares of Alvopetro Energy stock opened at C$1.00 on Wednesday. Alvopetro Energy has a fifty-two week low of C$0.54 and a fifty-two week high of C$1.11. The company has a debt-to-equity ratio of 41.47, a current ratio of 2.85 and a quick ratio of 2.66. The firm has a market capitalization of C$99.73 million and a price-to-earnings ratio of 13.89. The company has a 50 day moving average of C$0.94.
Alvopetro Energy Company Profile
Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons in the Recôncavo basins in onshore Brazil. As of December 31, 2020, the company holds interests in the Caburé and Gomo natural gas assets; two oil fields, including Bom Lugar and Mãe-da-lua; and two other exploration assets comprising 23,527 acres.
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