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

Pedevco Corp. (NYSEAMERICAN:PED)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Pedevco Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.68 and a quick ratio of 0.67. The company has a 50 day moving average price of $15.29 and a 200 day moving average price of $13.13. The firm has a market cap of $174.90 million, a PE ratio of 438.48 and a beta of 0.20.

Pedevco (NYSEAMERICAN:PED) last released its quarterly earnings results on Thursday, May 14th. The company reported ($3.28) EPS for the quarter, missing the consensus estimate of $0.62 by ($3.90). Pedevco had a negative return on equity of 3.20% and a negative net margin of 46.78%.The company had revenue of $40.22 million for the quarter, compared to analysts’ expectations of $37.65 million. Sell-side analysts expect that Pedevco Corp. will post 1.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pedevco news, Director Martyn Willsher acquired 13,428 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $14.29 per share, with a total value of $191,886.12. Following the completion of the acquisition, the director directly owned 25,727 shares of the company’s stock, valued at approximately $367,638.83. The trade was a 109.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 70.40% of the stock is owned by corporate insiders.

Institutional Trading of Pedevco

An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. bought a new stake in Pedevco Corp. (NYSEAMERICAN:PED) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 0.21% of Pedevco at the end of the most recent reporting period. Institutional investors and hedge funds own 3.26% of the company’s stock.

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.