Juniper Capital Advisors L.P. Invests $110,000 in Pedevco Corp. $PED

Juniper Capital Advisors L.P. purchased a new position in Pedevco Corp. (NYSEAMERICAN:PED) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco comprises 0.0% of Juniper Capital Advisors L.P.’s holdings, making the stock its 2nd largest position. Juniper Capital Advisors L.P. owned approximately 0.21% of Pedevco as of its most recent filing with the Securities and Exchange Commission.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Pedevco from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Pedevco Price Performance

NYSEAMERICAN PED opened at $12.58 on Thursday. The company has a market capitalization of $167.31 million, a PE ratio of 419.47 and a beta of 0.20. 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 business’s fifty day moving average is $14.66 and its 200 day moving average is $13.33. Pedevco Corp. has a fifty-two week low of $8.64 and a fifty-two week high of $18.89.

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

Insiders Place Their Bets

In related news, Director Martyn Willsher bought 13,428 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $14.29 per share, for a total transaction of $191,886.12. Following the completion of the transaction, the director owned 25,727 shares of the company’s stock, valued at approximately $367,638.83. This trade represents a 109.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 70.40% of the company’s stock.

Pedevco 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.