Martyn Willsher Buys 6,572 Shares of Pedevco (NYSEAMERICAN:PED) Stock

Pedevco Corp. (NYSEAMERICAN:PED) Director Martyn Willsher acquired 6,572 shares of Pedevco stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $14.74 per share, for a total transaction of $96,871.28. Following the purchase, the director directly owned 12,299 shares of the company’s stock, valued at approximately $181,287.26. This trade represents a 114.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, May 26th, Martyn Willsher acquired 13,428 shares of Pedevco stock. The shares were purchased at an average cost of $14.29 per share, for a total transaction of $191,886.12.

Pedevco Stock Performance

Shares of PED opened at $13.36 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.68. The company has a market capitalization of $177.69 million, a price-to-earnings ratio of 445.48 and a beta of 0.27. The company’s 50 day simple moving average is $15.60 and its 200 day simple moving average is $13.10. Pedevco Corp. has a 1 year low of $8.64 and a 1 year high of $18.89.

Pedevco (NYSEAMERICAN:PED) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($3.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($3.90). The firm had revenue of $40.22 million for the quarter, compared to analysts’ expectations of $37.65 million. Pedevco had a negative net margin of 46.78% and a negative return on equity of 3.20%. On average, sell-side analysts predict that Pedevco Corp. will post 1.58 EPS for the current 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 position in shares of Pedevco Corp. (NYSEAMERICAN:PED) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco accounts for about 0.0% of Juniper Capital Advisors L.P.’s investment portfolio, making the stock its 2nd largest position. Juniper Capital Advisors L.P. owned approximately 0.21% of Pedevco at the end of the most recent reporting period. 3.26% of the stock is owned by institutional investors.

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.