Pedevco (NYSEAMERICAN:PED) VP Sells $275,751.99 in Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 18,797 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $14.67, for a total transaction 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 can be accessed through this hyperlink.

Pedevco Price Performance

Shares of NYSEAMERICAN:PED opened at $12.49 on Friday. The company has a market capitalization of $166.12 million, a PE ratio of 416.47 and a beta of 0.18. 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 Corp. has a twelve month low of $8.64 and a twelve month high of $18.89. The firm has a 50 day simple moving average of $13.93 and a 200-day simple moving average of $13.49.

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

Hedge Funds Weigh In On Pedevco

An institutional investor recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. purchased a new stake in Pedevco Corp. (NYSEAMERICAN:PED) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco comprises about 0.0% of Juniper Capital Advisors L.P.’s investment portfolio, 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 currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Pedevco from a “hold” rating to a “strong sell” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Pedevco presently has a consensus rating of “Moderate Buy”.

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.