Juniper Capital Advisors L.P. Purchases Shares of 196,359 Pedevco Corp. $PED

Juniper Capital Advisors L.P. purchased a new stake in shares of Pedevco Corp. (NYSEAMERICAN:PED) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco accounts for about 0.0% of Juniper Capital Advisors L.P.’s portfolio, making the stock its 2nd biggest position.

Insider Activity

In other news, Director Martyn Willsher bought 13,428 shares of Pedevco stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $14.29 per share, with a total value of $191,886.12. Following the completion of the acquisition, the director owned 25,727 shares of the company’s stock, valued at $367,638.83. This trade represents a 109.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 70.40% of the company’s stock.

Pedevco Price Performance

NYSEAMERICAN:PED opened at $12.58 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $14.66 and its two-hundred day simple moving average is $13.33. The stock has a market cap of $167.31 million, a PE ratio of 419.47 and a beta of 0.20. Pedevco Corp. has a 52 week low of $8.64 and a 52 week high of $18.89.

Pedevco (NYSEAMERICAN:PED) last posted its quarterly 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). Pedevco had a negative net margin of 46.78% and a negative return on equity of 3.20%. The business had revenue of $40.22 million for the quarter, compared to the consensus estimate of $37.65 million. As a group, analysts forecast that Pedevco Corp. will post 1.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Pedevco from a “hold” rating to a “strong sell” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.