Pedevco (NYSEAMERICAN:PED) VP Moore Clark Sells 3,765 Shares of Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 3,765 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $12.81, for a total value of $48,229.65. Following the sale, the vice president directly owned 50,662 shares of the company’s stock, valued at $648,980.22. This represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 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 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 Trading Up 9.2%

Shares of NYSEAMERICAN:PED opened at $13.23 on Thursday. Pedevco Corp. has a 12-month low of $8.64 and a 12-month high of $18.89. The business has a 50 day moving average of $12.02 and a 200-day moving average of $13.61. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.42. The stock has a market cap of $175.83 million, a PE ratio of 441.15 and a beta of 0.23.

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, beating the consensus estimate of $0.36 by $0.95. The business had revenue of $46.11 million during the quarter, compared to the consensus estimate of $38.00 million. Pedevco had a positive return on equity of 0.67% and a negative net margin of 14.61%. As a group, equities research analysts forecast that Pedevco Corp. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Pedevco from a “strong sell” rating to a “hold” rating in a research report 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Pedevco

An institutional investor recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. acquired a new position in shares of Pedevco Corp. (NYSEAMERICAN:PED) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent reporting period. 3.26% of the stock is currently owned by institutional investors and hedge funds.

About Pedevco

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.