Pedevco (NYSEAMERICAN:PED) VP Sells $48,229.65 in Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 3,765 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $12.81, for a total transaction of $48,229.65. Following the transaction, the vice president directly owned 50,662 shares of the company’s stock, valued at approximately $648,980.22. This represents a 6.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Moore Clark also recently made the following trade(s):

• On Wednesday, August 19th, Moore Clark sold 1,218 shares of Pedevco stock. The stock was sold at an average price of $12.37, for a total transaction of $15,066.66.
• On Tuesday, August 18th, Moore Clark sold 5,277 shares of Pedevco stock. The stock was sold at an average price of $12.53, for a total transaction of $66,120.81.
• On Tuesday, June 30th, Moore Clark sold 18,797 shares of Pedevco stock. The shares were sold at an average price of $14.67, for a total transaction of $275,751.99.

Pedevco Stock Up 6.0%

Shares of NYSEAMERICAN:PED opened at $13.81 on Friday. The firm has a fifty day moving average price of $12.04 and a two-hundred day moving average price of $13.62. The company has a market cap of $183.53 million, a price-to-earnings ratio of 460.49 and a beta of 0.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.78 and a quick ratio of 0.78. Pedevco Corp. has a one year low of $8.64 and a one year high of $18.89.

Pedevco (NYSEAMERICAN:PED) last released its quarterly earnings results on Thursday, August 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.95. Pedevco had a negative net margin of 14.61% and a positive return on equity of 0.67%. The firm had revenue of $46.11 million for the quarter, compared to analysts’ expectations of $38.00 million. Analysts anticipate that Pedevco Corp. will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Pedevco

An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. acquired a new stake in shares of Pedevco Corp. (NYSEAMERICAN:PED) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco makes up approximately 0.0% of Juniper Capital Advisors L.P.’s holdings, making the stock its 2nd biggest position. Juniper Capital Advisors L.P. owned 0.21% of Pedevco at the end of the most recent quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Pedevco from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Pedevco has a consensus rating of “Buy”.

About Pedevco

Pedevco Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean’s most prolific hydrocarbon-producing regions.

The company’s portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license.