Pedevco (NYSEAMERICAN:PED) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Pedevco Corp. (NYSEAMERICAN:PED) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.13 and traded as low as $13.05. Pedevco shares last traded at $13.15, with a volume of 6,538 shares traded.

Pedevco Stock Performance

The firm has a 50 day moving average of $15.29 and a two-hundred day moving average of $13.13. The stock has a market cap of $174.90 million, a PE ratio of 438.48 and a beta of 0.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.68 and a quick ratio of 0.67.

Pedevco (NYSEAMERICAN:PED) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($3.28) earnings per share 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 firm had revenue of $40.22 million during the quarter, compared to analysts’ expectations of $37.65 million. Research analysts predict that Pedevco Corp. will post 1.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Martyn Willsher acquired 13,428 shares of Pedevco stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $14.29 per share, for a total transaction of $191,886.12. Following the completion of the purchase, the director owned 25,727 shares in the company, valued at $367,638.83. This represents a 109.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 70.40% of the company’s stock.

Institutional Investors Weigh In On Pedevco

An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. purchased a new position in shares of Pedevco Corp. (NYSEAMERICAN:PED) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco comprises 0.0% of Juniper Capital Advisors L.P.’s investment portfolio, making the stock its 2nd biggest holding. 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 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.