Pedevco (NYSEAMERICAN:PED) VP Sells $15,066.66 in Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 1,218 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $12.37, for a total value of $15,066.66. Following the completion of the transaction, the vice president directly owned 44,167 shares in the company, valued at $546,345.79. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, August 18th, Moore Clark sold 5,277 shares of Pedevco stock. The shares were sold at an average price of $12.53, for a total value of $66,120.81.
• On Monday, August 17th, Moore Clark sold 3,765 shares of Pedevco stock. The stock was sold at an average price of $12.81, for a total value of $48,229.65.
• On Tuesday, June 30th, Moore Clark sold 18,797 shares of Pedevco stock. The stock was sold at an average price of $14.67, for a total value of $275,751.99.

Pedevco Trading Up 6.0%

Shares of PED stock opened at $13.81 on Friday. The company has a market cap of $183.53 million, a P/E ratio of 460.49 and a beta of 0.23. The stock has a 50 day simple moving average of $12.04 and a two-hundred day simple moving average of $13.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.78 and a current ratio of 0.78. Pedevco Corp. has a fifty-two week low of $8.64 and a fifty-two week high of $18.89.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Pedevco

A hedge fund recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. purchased a new position in shares of Pedevco Corp. (NYSEAMERICAN:PED) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco accounts for 0.0% of Juniper Capital Advisors L.P.’s holdings, making the stock its 2nd biggest position. Juniper Capital Advisors L.P. owned about 0.21% of Pedevco at the end of the most recent quarter. 3.26% of the stock is 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.