Pedevco (NYSEAMERICAN:PED) VP Moore Clark Sells 18,797 Shares of Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 18,797 shares of Pedevco stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $14.67, for a total transaction of $275,751.99. Following the completion of the transaction, the vice president owned 54,428 shares in the company, valued at approximately $798,458.76. This represents a 25.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Pedevco Price Performance

Shares of NYSEAMERICAN:PED opened at $12.49 on Friday. The company has a 50-day simple moving average of $14.00 and a 200-day simple moving average of $13.50. Pedevco Corp. has a one year low of $8.64 and a one year high of $18.89. 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 has a market capitalization of $166.12 million, a price-to-earnings ratio of 416.47 and a beta of 0.18.

Pedevco (NYSEAMERICAN:PED) last released its quarterly earnings results on Thursday, May 14th. The company reported ($3.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 3.20% and a negative net margin of 46.78%. On average, analysts predict that Pedevco Corp. will post 1.58 EPS for the current year.

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 research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Trading of Pedevco

A hedge fund recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. bought a new stake in Pedevco Corp. (NYSEAMERICAN:PED) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 largest holding. Juniper Capital Advisors L.P. owned about 0.21% of Pedevco at the end of the most recent quarter. Institutional investors own 3.26% of the company’s stock.

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.