Pedevco (NYSEAMERICAN:PED) VP Moore Clark Sells 18,797 Shares of Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 18,797 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $14.67, for a total value of $275,751.99. Following the completion of the transaction, the vice president owned 54,428 shares in the company, valued at $798,458.76. This represents a 25.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Pedevco Price Performance

Shares of PED traded down $0.37 during midday trading on Thursday, reaching $12.49. The stock had a trading volume of 30,971 shares, compared to its average volume of 36,214. The company’s 50-day moving average is $14.06 and its 200 day moving average is $13.48. The company has a market capitalization of $166.12 million, a price-to-earnings ratio of 416.47 and a beta of 0.18. Pedevco Corp. has a 12-month low of $8.64 and a 12-month high of $18.89. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54.

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

Institutional Trading of Pedevco

A hedge fund recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. bought a new position in Pedevco Corp. (NYSEAMERICAN:PED) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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 holdings, making the stock its 2nd biggest position. Juniper Capital Advisors L.P. owned 0.21% of Pedevco as of its most recent filing with the Securities and Exchange Commission (SEC). 3.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Pedevco from a “hold” rating to a “strong sell” rating in a research note 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.com, the stock has an average rating of “Moderate 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.