Moore Clark Sells 18,797 Shares of Pedevco (NYSEAMERICAN:PED) Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 18,797 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $14.67, for a total value of $275,751.99. Following the transaction, the vice president owned 54,428 shares in the company, valued at $798,458.76. This trade represents a 25.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pedevco Stock Performance

PED opened at $12.49 on Friday. Pedevco Corp. has a 52 week low of $8.64 and a 52 week high of $18.89. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $13.93 and a 200-day simple moving average of $13.49. The firm has a market cap of $166.12 million, a P/E ratio of 416.47 and a beta of 0.18.

Pedevco (NYSEAMERICAN:PED) last posted 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). Pedevco had a negative net margin of 46.78% and a negative return on equity of 3.20%. The firm had revenue of $40.22 million during the quarter, compared to analysts’ expectations of $37.65 million. On average, equities analysts expect that Pedevco Corp. will post 1.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Pedevco from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Pedevco has an average rating of “Moderate Buy”.

Institutional Trading of Pedevco

An institutional investor recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. bought a new stake in Pedevco Corp. (NYSEAMERICAN:PED) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 investment portfolio, making the stock its 2nd largest holding. Juniper Capital Advisors L.P. owned about 0.21% of Pedevco at the end of the most recent quarter. 3.26% of the stock is currently 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.