Pedevco (NYSEAMERICAN:PED) Director Purchases $96,871.28 in Stock

Pedevco Corp. (NYSEAMERICAN:PED) Director Martyn Willsher acquired 6,572 shares of Pedevco stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of $14.74 per share, for a total transaction of $96,871.28. Following the completion of the purchase, the director owned 12,299 shares in the company, valued at approximately $181,287.26. The trade was a 114.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, May 26th, Martyn Willsher acquired 13,428 shares of Pedevco stock. The stock was purchased at an average cost of $14.29 per share, for a total transaction of $191,886.12.

Pedevco Trading Down 3.8%

NYSEAMERICAN:PED opened at $12.85 on Friday. The firm’s fifty day moving average is $15.52 and its 200-day moving average is $13.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.68. Pedevco Corp. has a 52 week low of $8.64 and a 52 week high of $18.89. The firm has a market cap of $170.91 million, a P/E ratio of 428.48 and a beta of 0.27.

Pedevco (NYSEAMERICAN:PED) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($3.28) EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($3.90). Pedevco had a negative net margin of 46.78% and a negative return on equity of 3.20%. The firm had revenue of $40.22 million during the quarter, compared to the consensus estimate of $37.65 million. Equities analysts expect that Pedevco Corp. will post 1.58 earnings per share for the current year.

Institutional Inflows and Outflows

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) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 portfolio, making the stock its 2nd biggest position. Juniper Capital Advisors L.P. owned approximately 0.21% of Pedevco at the end of the most recent quarter. 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.