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

Pedevco Corp. (NYSEAMERICAN:PED) Director Martyn Willsher bought 6,572 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $14.74 per share, for a total transaction of $96,871.28. Following the purchase, the director owned 12,299 shares of the company’s stock, valued at $181,287.26. This trade represents a 114.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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

Pedevco Stock Performance

NYSEAMERICAN PED opened at $14.06 on Wednesday. The stock has a market cap of $187.00 million, a P/E ratio of 468.82 and a beta of 0.27. The company’s 50-day simple moving average is $15.73 and its 200 day simple moving average is $13.08. Pedevco Corp. has a twelve month low of $8.64 and a twelve month high of $18.89. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.54.

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

Institutional Trading of Pedevco

An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. bought a new stake in Pedevco Corp. (NYSEAMERICAN:PED) during the fourth quarter, according to the company in its most recent Form 13F filing 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 about 0.0% of Juniper Capital Advisors L.P.’s portfolio, making the stock its 2nd biggest position. Juniper Capital Advisors L.P. owned 0.21% of Pedevco at the end of the most recent quarter. 3.26% of the stock is owned by institutional investors.

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.