Pedevco (NYSEAMERICAN:PED) VP Moore Clark Sells 1,218 Shares of Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 1,218 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $12.37, for a total value of $15,066.66. Following the completion of the transaction, the vice president owned 44,167 shares of the company’s stock, valued at approximately $546,345.79. This represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, August 18th, Moore Clark sold 5,277 shares of Pedevco stock. The shares were sold at an average price of $12.53, for a total transaction of $66,120.81.
• On Monday, August 17th, Moore Clark sold 3,765 shares of Pedevco stock. The stock was sold at an average price of $12.81, for a total transaction of $48,229.65.
• On Tuesday, June 30th, Moore Clark sold 18,797 shares of Pedevco stock. The stock was sold at an average price of $14.67, for a total transaction of $275,751.99.

Pedevco Price Performance

Shares of PED stock opened at $13.23 on Thursday. The company has a market capitalization of $175.83 million, a PE ratio of 441.15 and a beta of 0.23. The firm has a fifty day simple moving average of $12.02 and a 200-day simple moving average of $13.61. 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 Corp. has a twelve month low of $8.64 and a twelve month high of $18.89.

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

Hedge Funds Weigh In On Pedevco

A hedge fund recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. acquired a new stake in shares of Pedevco Corp. (NYSEAMERICAN:PED) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco makes up about 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 at the end of the most recent quarter. 3.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

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