Pedevco (NYSEAMERICAN:PED) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Pedevco's shares crossed above its 50-day moving average ($14.73) Monday, trading as high as $15.23 and last at $14.95, up about 2.9% on volume of 38,048.
• Valuation and balance-sheet snapshot: market capitalization ~$198.8M with a low P/E of 6.8 and beta 0.24, but relatively weak liquidity (quick ratio 0.58, current ratio 0.59) and a debt-to-equity of 0.46.
• Institutional activity and business focus: Juniper Capital Advisors initiated a new stake (196,359 shares, ~$110k) while institutions own just 3.26% of the stock; Pedevco is an oil & gas E&P concentrated in Trinidad and Tobago (O-55 and Block 3(a)).

Pedevco Corp. (NYSEAMERICAN:PED - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.73 and traded as high as $15.23. Pedevco shares last traded at $14.95, with a volume of 38,048 shares.

Pedevco Trading Up 2.9%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.58 and a current ratio of 0.59. The company's fifty day simple moving average is $14.73 and its 200-day simple moving average is $12.51. The company has a market capitalization of $198.84 million, a P/E ratio of 6.80 and a beta of 0.24.

Institutional Inflows and Outflows

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 - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 196,359 shares of the company's stock, valued at approximately $110,000. Pedevco comprises about 0.0% of Juniper Capital Advisors L.P.'s holdings, making the stock its 2nd biggest position. Juniper Capital Advisors L.P. owned about 0.21% of Pedevco at the end of the most recent reporting period. 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.

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