Pedevco (NYSEAMERICAN:PED) Director Martyn Willsher Purchases 6,572 Shares

Pedevco Corp. (NYSEAMERICAN:PED) Director Martyn Willsher bought 6,572 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $14.74 per share, for a total transaction of $96,871.28. Following the completion of the transaction, the director directly owned 12,299 shares in the company, valued at approximately $181,287.26. The trade was a 114.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Martyn Willsher also recently made the following trade(s):

• On Tuesday, May 26th, Martyn Willsher bought 13,428 shares of Pedevco stock. The stock was bought at an average cost of $14.29 per share, for a total transaction of $191,886.12.

Pedevco Trading Down 5.3%

NYSEAMERICAN PED opened at $13.32 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.68 and a quick ratio of 0.67. The firm’s fifty day moving average price is $15.67 and its 200 day moving average price is $13.09. The company has a market capitalization of $177.16 million, a price-to-earnings ratio of 444.15 and a beta of 0.27. Pedevco Corp. has a 12 month low of $8.64 and a 12 month high of $18.89.

Pedevco (NYSEAMERICAN:PED) last posted its earnings results on Thursday, May 14th. The company reported ($3.28) EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($3.90). The company had revenue of $40.22 million during the quarter, compared to analysts’ expectations of $37.65 million. Pedevco had a negative net margin of 46.78% and a negative return on equity of 3.20%. On average, sell-side analysts expect that Pedevco Corp. will post 1.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Pedevco Company Profile

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.