Pedevco (NYSEAMERICAN:PED) Director Martyn Willsher Buys 13,428 Shares

Pedevco Corp. (NYSEAMERICAN:PED) Director Martyn Willsher purchased 13,428 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $14.29 per share, for a total transaction of $191,886.12. Following the completion of the acquisition, the director owned 25,727 shares in the company, valued at $367,638.83. This represents a 109.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, May 22nd, Martyn Willsher purchased 6,572 shares of Pedevco stock. The shares were bought at an average price of $14.74 per share, for a total transaction of $96,871.28.

Pedevco Trading Down 4.7%

Pedevco stock opened at $14.06 on Wednesday. The company’s fifty day simple moving average is $15.73 and its 200-day simple moving average is $13.08. 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 Corp. has a 12 month low of $8.64 and a 12 month high of $18.89. The stock has a market cap of $187.00 million, a P/E ratio of 468.82 and a beta of 0.27.

Pedevco (NYSEAMERICAN:PED) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($3.28) EPS for the quarter, missing the consensus estimate of $0.62 by ($3.90). Pedevco had a negative net margin of 46.78% and a negative return on equity of 3.20%. The company had revenue of $40.22 million for the quarter, compared to analysts’ expectations of $37.65 million. As a group, sell-side analysts forecast that Pedevco Corp. will post 1.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Pedevco

An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. purchased a new stake in shares of Pedevco Corp. (NYSEAMERICAN:PED) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco makes up approximately 0.0% of Juniper Capital Advisors L.P.’s portfolio, making the stock its 2nd largest position. Juniper Capital Advisors L.P. owned 0.21% of Pedevco as of its most recent SEC filing. Institutional investors and hedge funds own 3.26% of the company’s stock.

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.