Pedevco (NYSEAMERICAN:PED) VP Moore Clark Sells 5,277 Shares

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 5,277 shares of Pedevco stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $12.53, for a total transaction of $66,120.81. Following the completion of the sale, the vice president directly owned 45,385 shares in the company, valued at $568,674.05. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 Monday, August 17th, Moore Clark sold 3,765 shares of Pedevco stock. The shares were 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 shares were sold at an average price of $14.67, for a total value of $275,751.99.

Pedevco Stock Up 9.2%

PED stock opened at $13.23 on Thursday. The stock has a 50-day simple moving average of $12.02 and a two-hundred day simple moving average of $13.61. Pedevco Corp. has a twelve month low of $8.64 and a twelve month high of $18.89. The firm has a market capitalization of $175.83 million, a PE ratio of 441.15 and a beta of 0.23. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.42.

Pedevco (NYSEAMERICAN:PED) last announced its earnings results on Thursday, August 13th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.95. Pedevco had a positive return on equity of 0.67% and a negative net margin of 14.61%.The business had revenue of $46.11 million for the quarter, compared to analyst estimates of $38.00 million. On average, equities analysts predict that Pedevco Corp. will post 0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. purchased a new stake in shares of Pedevco Corp. (NYSEAMERICAN:PED) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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 holdings, making the stock its 2nd biggest position. Juniper Capital Advisors L.P. owned 0.21% of Pedevco as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.