Moore Clark Sells 1,218 Shares of Pedevco (NYSEAMERICAN:PED) Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 1,218 shares of Pedevco stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $12.37, for a total transaction of $15,066.66. Following the transaction, the vice president owned 44,167 shares of the company’s stock, valued at $546,345.79. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Moore Clark also recently made the following trade(s):

• On Tuesday, August 18th, Moore Clark sold 5,277 shares of Pedevco stock. The stock was sold at an average price of $12.53, for a total value of $66,120.81.
• 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 value 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 value of $275,751.99.

Pedevco Stock Down 1.5%

PED stock opened at $13.03 on Friday. 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 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.42. The firm has a market cap of $173.17 million, a PE ratio of 434.48 and a beta of 0.23. The business has a 50 day moving average of $12.02 and a 200 day moving average of $13.62.

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

Analyst Ratings Changes

Separately, Zacks Research raised shares of Pedevco from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Pedevco currently has an average rating of “Buy”.

Hedge Funds Weigh In On Pedevco

An institutional investor recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. acquired a new position in Pedevco Corp. (NYSEAMERICAN:PED) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 largest position. Juniper Capital Advisors L.P. owned about 0.21% of Pedevco at the end of the most recent reporting period. 3.26% of the stock is owned by institutional investors and hedge funds.

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.