Moore Clark Sells 5,277 Shares of Pedevco (NYSEAMERICAN:PED) Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 5,277 shares of Pedevco stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $12.53, for a total value of $66,120.81. Following the completion of the transaction, the vice president directly owned 45,385 shares in the company, valued at $568,674.05. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 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 value of $275,751.99.

Pedevco Stock Performance

Pedevco stock opened at $13.03 on Friday. The stock’s 50 day moving average price is $12.02 and its 200 day moving average price is $13.62. Pedevco Corp. has a one year low of $8.64 and a one 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. The firm has a market capitalization of $173.17 million, a PE ratio of 434.48 and a beta of 0.23.

Pedevco (NYSEAMERICAN:PED) last announced its earnings results on Thursday, August 13th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.95. The business had revenue of $46.11 million during the quarter, compared to the consensus estimate of $38.00 million. Pedevco had a negative net margin of 14.61% and a positive return on equity of 0.67%. As a group, sell-side analysts expect that Pedevco Corp. will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. bought a new stake in shares of Pedevco Corp. (NYSEAMERICAN:PED) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco accounts for approximately 0.0% of Juniper Capital Advisors L.P.’s holdings, making the stock its 2nd largest position. Juniper Capital Advisors L.P. owned approximately 0.21% of Pedevco as of its most recent SEC filing. Institutional investors own 3.26% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Pedevco from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Pedevco presently has a consensus rating of “Buy”.

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.