Pedevco (NYSEAMERICAN:PED) VP Moore Clark Sells 3,765 Shares

Key Points

• Vice President Moore Clark sold 3,765 Pedevco shares at an average price of $12.81, totaling $48,229.65 and reducing his position by 6.92%. He also reported additional sales of 1,218 and 5,277 shares in August.
• Pedevco shares recently traded at $13.23, with a market capitalization of approximately $175.8 million and a 52-week range of $8.64 to $18.89.
• The company reported quarterly EPS of $1.31, beating estimates of $0.36, while revenue reached $46.11 million versus expectations of $38 million. Analysts maintain a consensus “Buy” rating, while institutional ownership remains limited at 3.26%.

Pedevco Corp. (NYSEAMERICAN:PED - Get Free Report) VP Moore Clark sold 3,765 shares of Pedevco stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $12.81, for a total transaction of $48,229.65. Following the sale, the vice president owned 50,662 shares in the company, valued at approximately $648,980.22. The trade was a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $15,066.66.
• 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 transaction of $66,120.81.
• On Tuesday, June 30th, Moore Clark sold 18,797 shares of Pedevco stock. The shares were sold at an average price of $14.67, for a total transaction of $275,751.99.

Pedevco Price Performance

Shares of Pedevco stock traded up $1.11 during trading on Wednesday, reaching $13.23. 38,670 shares of the stock traded hands, compared to its average volume of 25,575. The company has a market capitalization of $175.83 million, a price-to-earnings ratio of 441.15 and a beta of 0.23. The business has a fifty day simple moving average of $12.02 and a two-hundred day simple moving average of $13.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.78 and a quick ratio of 0.78. Pedevco Corp. has a 52-week low of $8.64 and a 52-week high of $18.89.

Pedevco (NYSEAMERICAN:PED - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.95. The company had revenue of $46.11 million during the quarter, compared to analyst estimates of $38.00 million. Pedevco had a positive return on equity of 0.67% and a negative net margin of 14.61%. Sell-side analysts expect that Pedevco Corp. will post 0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Pedevco from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Institutional Trading of Pedevco

A hedge fund recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. bought a new position in shares of Pedevco Corp. (NYSEAMERICAN:PED - Free Report) in the fourth quarter, according to the company in its most recent 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 accounts for 0.0% of Juniper Capital Advisors L.P.'s holdings, making the stock its 2nd largest position. Juniper Capital Advisors L.P. owned 0.21% of Pedevco as of its most recent filing with the Securities and Exchange Commission (SEC). 3.26% of the stock is owned by institutional investors and hedge funds.

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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