Martyn Willsher Buys 13,428 Shares of Pedevco (NYSEAMERICAN:PED) Stock

Pedevco Corp. (NYSEAMERICAN:PED) Director Martyn Willsher purchased 13,428 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $14.29 per share, with a total value of $191,886.12. Following the completion of the purchase, the director directly owned 25,727 shares in the company, valued at $367,638.83. The trade was a 109.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, May 22nd, Martyn Willsher bought 6,572 shares of Pedevco stock. The shares were bought at an average cost of $14.74 per share, with a total value of $96,871.28.

Pedevco Stock Up 0.3%

Shares of NYSEAMERICAN:PED opened at $13.36 on Friday. The firm has a market cap of $177.69 million, a P/E ratio of 445.48 and a beta of 0.27. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.54. Pedevco Corp. has a 12-month low of $8.64 and a 12-month high of $18.89. The business has a fifty day simple moving average of $15.60 and a 200 day simple moving average of $13.10.

Pedevco (NYSEAMERICAN:PED) last announced its earnings results on Thursday, May 14th. The company reported ($3.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($3.90). The company had revenue of $40.22 million for the quarter, compared to the consensus estimate of $37.65 million. Pedevco had a negative return on equity of 3.20% and a negative net margin of 46.78%. Analysts predict that Pedevco Corp. will post 1.58 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. bought a new position in shares of Pedevco Corp. (NYSEAMERICAN:PED) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco comprises approximately 0.0% of Juniper Capital Advisors L.P.’s investment portfolio, making the stock its 2nd largest holding. Juniper Capital Advisors L.P. owned 0.21% of Pedevco at the end of the most recent quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

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.