Insider Buying: Pedevco (NYSEAMERICAN:PED) Director Acquires 6,572 Shares of Stock

Pedevco Corp. (NYSEAMERICAN:PED) Director Martyn Willsher acquired 6,572 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $14.74 per share, with a total value of $96,871.28. Following the transaction, the director directly owned 12,299 shares of the company’s stock, valued at $181,287.26. The trade was a 114.75% increase in their position. The purchase was disclosed in a document filed with the SEC, 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 shares were bought at an average cost of $14.29 per share, with a total value of $191,886.12.

Pedevco Stock Down 4.7%

Shares of PED opened at $14.06 on Wednesday. The company has a 50-day simple moving average of $15.73 and a 200-day simple moving average of $13.08. The firm has a market capitalization of $187.00 million, a P/E ratio of 468.82 and a beta of 0.27. 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.

Pedevco (NYSEAMERICAN:PED) last announced 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). The company had revenue of $40.22 million for the quarter, compared to analyst estimates of $37.65 million. Pedevco had a negative net margin of 46.78% and a negative return on equity of 3.20%. On average, equities research analysts expect that Pedevco Corp. will post 1.58 earnings per share for the current 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.

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.