Martyn Willsher Purchases 13,428 Shares of Pedevco (NYSEAMERICAN:PED) Stock

Pedevco Corp. (NYSEAMERICAN:PED) Director Martyn Willsher purchased 13,428 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $14.29 per share, for a total transaction of $191,886.12. Following the acquisition, the director directly owned 25,727 shares of the company’s stock, valued at $367,638.83. This represents a 109.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, May 22nd, Martyn Willsher acquired 6,572 shares of Pedevco stock. The shares were purchased at an average price of $14.74 per share, for a total transaction of $96,871.28.

Pedevco Trading Down 4.7%

NYSEAMERICAN PED opened at $14.06 on Wednesday. Pedevco Corp. has a twelve month low of $8.64 and a twelve month high of $18.89. 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 stock has a market cap of $187.00 million, a price-to-earnings ratio of 468.82 and a beta of 0.27. The firm’s 50 day moving average price is $15.73 and its two-hundred day moving average price is $13.08.

Pedevco (NYSEAMERICAN:PED) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($3.28) earnings per share for the quarter, missing the consensus estimate of $0.62 by ($3.90). Pedevco had a negative return on equity of 3.20% and a negative net margin of 46.78%.The firm had revenue of $40.22 million for the quarter, compared to analysts’ expectations of $37.65 million. Equities analysts anticipate 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. acquired a new position in shares of Pedevco Corp. (NYSEAMERICAN:PED) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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 investment portfolio, making the stock its 2nd largest holding. Juniper Capital Advisors L.P. owned 0.21% of Pedevco at the end of the most recent reporting period. Hedge funds and other institutional investors 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.