Pedevco (NYSEAMERICAN:PED) VP Sells $15,066.66 in Stock

Key Points

• Insider selling: VP Moore Clark sold 1,218 Pedevco shares for $15,066.66, reducing direct ownership by 2.68% to 44,167 shares. Clark also sold more than 27,000 shares in several recent transactions.
• Shares rose 9.2%: Pedevco stock reached $13.23, while its market capitalization stood at approximately $175.83 million. The stock remains well below its one-year high of $18.89.
• Quarterly results beat expectations: Pedevco reported $1.31 in quarterly EPS versus the $0.36 consensus estimate and revenue of $46.11 million versus expectations of $38.00 million. Analysts’ consensus rating is currently “Buy.”

Pedevco Corp. (NYSEAMERICAN:PED - Get Free Report) VP Moore Clark sold 1,218 shares of Pedevco stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $12.37, for a total transaction of $15,066.66. Following the transaction, the vice president directly owned 44,167 shares in the company, valued at $546,345.79. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a 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 shares were sold at an average price of $12.53, for a total transaction of $66,120.81.
• On Monday, August 17th, Moore Clark sold 3,765 shares of Pedevco stock. The shares were 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 shares were sold at an average price of $14.67, for a total transaction of $275,751.99.

Pedevco Trading Up 9.2%

NYSEAMERICAN:PED traded up $1.11 during trading hours on Wednesday, reaching $13.23. The company's stock had a trading volume of 38,670 shares, compared to its average volume of 25,575. The firm has a market capitalization of $175.83 million, a price-to-earnings ratio of 441.15 and a beta of 0.23. The firm has a 50-day simple moving average of $12.02 and a 200-day simple moving average of $13.61. Pedevco Corp. has a 1 year low of $8.64 and a 1 year high of $18.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.78 and a current ratio of 0.78.

Pedevco (NYSEAMERICAN:PED - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $1.31 earnings per share for the quarter, topping 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 business had revenue of $46.11 million during the quarter, compared to the consensus estimate of $38.00 million. Research analysts expect that Pedevco Corp. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised Pedevco from a "strong sell" rating to a "hold" rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. bought a new stake 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 & Exchange Commission. The institutional investor bought 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 biggest position. Juniper Capital Advisors L.P. owned approximately 0.21% of Pedevco as of its most recent filing with the Securities & Exchange Commission. 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.

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