Pedevco (NYSEAMERICAN:PED) VP Sells $66,120.81 in Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 5,277 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $12.53, for a total value of $66,120.81. Following the sale, the vice president directly owned 45,385 shares in the company, valued at approximately $568,674.05. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 shares were sold at an average price of $12.37, for a total value of $15,066.66.
• On Monday, August 17th, Moore Clark sold 3,765 shares of Pedevco stock. The stock was sold at an average price of $12.81, for a total transaction of $48,229.65.
• 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 6.0%

Shares of Pedevco stock opened at $13.81 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.42. Pedevco Corp. has a 12-month low of $8.64 and a 12-month high of $18.89. The company has a market capitalization of $183.53 million, a price-to-earnings ratio of 460.49 and a beta of 0.23. The firm’s 50-day moving average price is $12.04 and its two-hundred day moving average price is $13.62.

Pedevco (NYSEAMERICAN:PED) last issued its earnings results on Thursday, August 13th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.36 by $0.95. Pedevco had a negative net margin of 14.61% and a positive return on equity of 0.67%. The company had revenue of $46.11 million during the quarter, compared to analysts’ expectations of $38.00 million. On average, analysts forecast that Pedevco Corp. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Pedevco from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Pedevco has an average rating of “Buy”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. bought a new position in Pedevco Corp. (NYSEAMERICAN:PED) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco comprises 0.0% of Juniper Capital Advisors L.P.’s portfolio, making the stock its 2nd biggest holding. Juniper Capital Advisors L.P. owned approximately 0.21% of Pedevco as of its most recent SEC filing. 3.26% of the stock is owned by hedge funds and other 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.