Moore Clark Sells 3,765 Shares of Pedevco (NYSEAMERICAN:PED) Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 3,765 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $12.81, for a total transaction of $48,229.65. Following the sale, the vice president owned 50,662 shares in the company, valued at approximately $648,980.22. The trade was a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, August 19th, Moore Clark sold 1,218 shares of Pedevco stock. The stock was sold at an average price of $12.37, for a total transaction of $15,066.66.
• On Tuesday, August 18th, Moore Clark sold 5,277 shares of Pedevco stock. The stock was sold at an average price of $12.53, for a total transaction of $66,120.81.
• On Tuesday, June 30th, Moore Clark sold 18,797 shares of Pedevco stock. The shares were sold at an average price of $14.67, for a total value of $275,751.99.

Pedevco Stock Performance

Shares of PED opened at $13.03 on Friday. The company has a market cap of $173.17 million, a price-to-earnings ratio of 434.48 and a beta of 0.23. The business’s fifty day simple moving average is $12.02 and its two-hundred day simple moving average is $13.62. 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 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.42.

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

Institutional Trading of Pedevco

A hedge fund recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. acquired a new position in Pedevco Corp. (NYSEAMERICAN:PED) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco accounts for approximately 0.0% of Juniper Capital Advisors L.P.’s holdings, making the stock its 2nd biggest holding. Juniper Capital Advisors L.P. owned about 0.21% of Pedevco as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Pedevco from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “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.