Pedevco (NYSEAMERICAN:PED) Director Martyn Willsher Buys 13,428 Shares of Stock

Pedevco Corp. (NYSEAMERICAN:PED) Director Martyn Willsher bought 13,428 shares of the business’s 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 purchase, the director directly owned 25,727 shares of the company’s stock, valued at $367,638.83. The trade was a 109.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Martyn Willsher also recently made the following trade(s):

• On Friday, May 22nd, Martyn Willsher purchased 6,572 shares of Pedevco stock. The shares were acquired at an average price of $14.74 per share, for a total transaction of $96,871.28.

Pedevco Price Performance

Shares of PED stock opened at $13.32 on Thursday. Pedevco Corp. has a fifty-two week low of $8.64 and a fifty-two week high of $18.89. The firm has a market capitalization of $177.16 million, a price-to-earnings ratio of 444.15 and a beta of 0.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.68. The stock’s 50-day simple moving average is $15.67 and its 200-day simple moving average is $13.09.

Pedevco (NYSEAMERICAN:PED) last issued its quarterly earnings results 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 return on equity of 3.20% and a negative net margin of 46.78%.The business had revenue of $40.22 million for the quarter, compared to analysts’ expectations of $37.65 million. As a group, equities analysts forecast that Pedevco Corp. will post 1.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pedevco

An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. bought a new position in shares of Pedevco Corp. (NYSEAMERICAN:PED) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco accounts for approximately 0.0% of Juniper Capital Advisors L.P.’s investment portfolio, making the stock its 2nd biggest holding. Juniper Capital Advisors L.P. owned 0.21% of Pedevco as of its most recent SEC filing. 3.26% of the stock is currently 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.